Space42 Secures $695.5 Million Facility to Fund Next-Gen Satellites

UAE-based SpaceTech company Space42 has announced the successful signing of a $695.5 million financing agreement to support the development of its advanced geostationary satellites, Al Yah 4 and Al Yah 5. Listed on the Abu Dhabi Securities Exchange under the symbol SPACE42, the company has positioned itself as a leader in integrating artificial intelligence, geospatial analytics, and satellite communications into a single global platform.

A Strategic Milestone in Expanding Orbital Infrastructure

This financing marks a major milestone in Space42’s long-term mission to establish a robust, multi-orbit connectivity infrastructure. The agreement, underwritten by major global financial institutions including Crédit Agricole CIB, Santander CIB, Societe Generale, and Natixis, is supported by Bpifrance Assurance Export. With satellite launches scheduled for 2027 and 2028, the financing provides Space42 with stable, long-term capital that aligns with its technological deployment schedule and bolsters its liquidity for future expansion plans.

"The Al Yah 4 and Al Yah 5 program is underpinned by a 17-year, $5.1 Billion Government contract commencing in 2026 and advances our goal to become the trusted leader in secure connectivity by providing multi-path critical connectivity solutions," said Andrew Cole, Chief Financial Officer of Space42. "This strategic pillar focuses on enhancing secure communication capabilities across defense and civil domains through multi-orbit satellite networks that ensure uninterrupted connectivity for mission-critical applications. The ECA financing structure optimizes our cost of funding and provides increased financial flexibility to execute our growth agenda.

Software-Defined Satellites to Revolutionize Global Coverage

The Al Yah 4 and Al Yah 5 satellites will be built with state-of-the-art, software-defined technology, offering fully reconfigurable payloads that can adapt to real-time mission requirements. This enables Space42 to dynamically optimize coverage areas, bandwidth, and frequency allocation depending on shifting user demands. The new satellites will significantly enhance the company’s ability to provide flexible and scalable solutions across regions including the Middle East, Africa, Europe, and Asia.

Modernizing Legacy Infrastructure with Advanced Capabilities

With the launch of Al Yah 4 and 5, Space42 is also preparing for a generational shift in its satellite fleet. The new platforms are designed to complement, and eventually succeed, its legacy Al Yah 1 and Al Yah 2 satellites, which were deployed in 2011 and 2012. This transition underscores the company’s forward-looking vision and continued commitment to investing in cutting-edge space technologies.