flying high

Space42 targets global markets, seeks to reduce UAE dependence

Space42 reported first-half revenue of $260 million, up about 15% from $226 million a year earlier, while net profit fell about 65% to $18 million

WAM

Space42 reported first-half revenue on Monday of $260 million

Abu Dhabi’s Space42 aims to become a lot less dependent on the UAE, targeting international markets to account for nearly a third of its revenue by 2030.

The satellite and data company, whose largest shareholders are Abu Dhabi-based...