SpaceFortuneabout 2 hours ago
UAE Space Sector Draws Sovereign Billions
6 min read
Space42 and Viasat committed up to $1 billion to Equatys, a shared satellite network for direct-to-device connectivity, starting with fewer than 200 satellites and scaling to 2,800. The deal reflects Gulf sovereign wealth funds driving a regional space push, with Middle East space budgets rising 69% to $2.5 billion from 2015 to 2025.
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