Space42 Commits $1.7 Billion for Global Expansion

Abu Dhabi-based Space42 commits $1.7 billion to expand its satellite communications and AI business globally. Currently generating $260 million in revenue in the first half of 2026, the company aims to double earnings to $600 million by 2030. It recently signed a binding agreement with Viasat to launch Equatys, a shared satellite platform expected to debut by 2029.