Space42 Secures $695.5 Million Facility to Fund Next-Generation UAE Satellites
Abu dhabi: 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. According to Emirates News Agency, … Read more