Space42 commits $1.7B to double revenue to $600M by 2030

Abu Dhabi-based Space42 has committed about $1.7 billion to new space and AI projects as part of a plan to double revenue to $600 million by 2030 and expand beyond the UAE, where 90% of its revenue is currently generated. Government clients account for roughly 80% of revenue and commercial customers 20%. As part of the push, Space42 is committing $600 million in equity to a satellite venture with Viasat, which is putting in $400 million. The platform is expected to launch by 2029 with fewer than 200 satellites initially, with plans to grow the constellation to 2,800.

AI-generated from reports · 43 minutes agoUpdate

Not enough continuous observation data yet; trend chart is not drawn for now.