Space42 Secures $695.5 Million Facility to Fund Next-Generation UAE Satellites

Space42 secures $695.5 million facility to fund next-generation UAE satellites

Space42 today announced the signing of a US$695.5 million Export Credit Agency (ECA)-backed financing facility to fund the development of its next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The financing represents a pivotal step in Space42's strategy to establish critical connectivity capabilities across multiple orbits. The facility, arranged by Crédit Agricole CIB, Santander CIB, Societe Generale, and Natixis and backed by Bp…

Space42 Lands $695.5M Loan for Follow-on GEO Sats

Space42, an Abu Dhabi-based satellite manufacturer and space tech company, secured a $695.5M Export Credit Agency-backed loan to complete the development of its next two GEO comms sats—Al Yah 4 and Al Yah 5. The loan was arranged by a mixture of French and Spanish financial institutions—including Crédit Agricole CIB, Santander CIB, Société Générale, and Natixis—and backed by Bpifrance Assurance Export. Loan bearing: Space42 has a lot of irons in…

Space42 secures $695.5mln facility to fund next-generation UAE satellites

The financing represents a pivotal step in Space42's strategy to establish critical connectivity capabilities across multiple orbits

Space42 gets $695.5m funding for next-gen geostationary satellites

The Al Yah 4 and Al Yah 5 program of Space42 is backed by a 17-year, $5.1 billion government contract starting in 2026

Space42 gets $700m loan to develop two satellites

Two new satellites for launch Slated for 2027 and 2028 Regional space spending grows Abu Dhabi-listed space tech company Space42 has secured new funding for the development of Al Yah 4 and Al Yah 5 satellites. The company, established in 2024 following the merger of analytics provider Bayanat and Al Yah Satellite Communications, signed a $696 million Export Credit Agency-backed financing facility. The “cost-effective and long-term financing” fac…