Space42 Company Description
Space42 PLC operates as an artificial intelligence (AI) powered SpaceTech company in the United Arab Emirates, Asia, Africa, Europe, North America, and internationally.
It operates through two segments, Space Services (SPA) and Smart Solutions (SOL). The Space Services segment provides satellite communication solutions for government and mission-critical applications; reliable mobility and communication solutions; and high-speed data connectivity solutions.
The Smart Solutions segment offers earth observation and geospatial solutions using Space42’s AI-driven multi-intelligence platform, GIQ, which integrates data from space and ground assets.
The company was formerly known as Bayanat AI PLC and changed its name to Space42 PLC in October 2024.
Space42 PLC was incorporated in 2022 and is based in Abu Dhabi, the United Arab Emirates. Space42 PLC operates as a subsidiary of Group 42 Holding LTD.
| Country | United Arab Emirates |
| Founded | 2022 |
| Industry | Engineering, Accounting, Research, Management, and Related Services |
| Employees | 541 |
| CEO | Karim Sabbagh |
Contact Details
Address: Al Sarab Tower Abu Dhabi United Arab Emirates | |
| Phone | 971 2 641 0000 |
| Website | space42.ai |
Stock Details
| Ticker Symbol | SPACE42 |
| Exchange | Abu Dhabi Securities Exchange |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| SIC Code | 8700 |
Key Executives
| Name | Position |
|---|---|
| Karim Sabbagh | Chief Executive Officer |
| Andrew Cole | Chief Financial Officer |
| Bruno Priuli | Head of Investor Relations |