Mubadala announced the formation of Space42, a new AI-powered space technology platform, through the combination of Bayanat and Yahsat.

The company is positioned to become the UAE’s and MENA’s largest publicly listed space technology entity, focused on driving innovation across geospatial analytics, satellite services, and AI integration.

The merger brings together Bayanat’s advanced geospatial data capabilities with Yahsat’s global satellite communications infrastructure. Together, Space42 creates a vertically integrated platform with global reach and next-generation AI solutions for governments, industry, and commercial clients.

For Mubadala, the creation of Space42 reflects a long-term strategy to back national technology champions that deliver sovereign capability, future-focused infrastructure, and commercial scale. The listing also enhances access to growth capital and visibility in global markets, aligning with the UAE’s ambition to lead in strategic space and AI sectors.

Space42 is poised to unlock new frontiers across climate intelligence, mobility, and critical infrastructure monitoring. Mubadala’s continued stewardship will ensure that the platform advances economic diversification and reinforces Abu Dhabi’s emergence as a global hub for next-generation technologies.

The formation of this platform highlights Mubadala’s commitment to investing in transformational sectors that shape the future and enhance the UAE’s competitiveness on the world stage.