S

Space42

SPACE42

Application

G42's space company, listed in Abu Dhabi and formed by merging Bayanat with Yahsat: satellite communications, the Foresight SAR Earth-observation constellation and geospatial analytics, with AI applied across them.

Subsidiary of G42

Total funding—

Market cap$2.6B

Employees541

Founded2024

HeadquartersAbu Dhabi, United Arab Emirates

StatusPublic

Product

Selected offerings — the AI products recorded here, not the vendor's full catalogue.

• GIQ Platform Sold on its own

  AI-powered geospatial intelligence platform fusing multi-source satellite imagery from more than 10 vendors with over eight proprietary AI models, sold on the Microsoft Azure Marketplace to governments and enterprises for disaster response, urban planning and food-security use cases.

Similar products 33

No sourced competitor yet: no filing, vendor document or measured-market report read so far names a rival for this company, so none is asserted. The companies below are the closest by what their products do.

How this list is ranked ↗

SSiemensPublic · $244.7BGIQ and Rapidminer AI Studio do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareIMInsilico MedicinePublic · $4.3BGIQ and Chemistry42 do comparable work on model training; same layer and the same scale band (small-cap).2 of 2 capabilitiesShared product typeSame scale bandCompareDDataikuPrivate · $3.7BGIQ and Dataiku do comparable work on model training; similar scale (private).2 of 2 capabilitiesShared product typeCompare44ParadigmPublic · $2BGIQ and 4Paradigm Sage HyperCycle do comparable work on model training; same layer and the same scale band (small-cap).1 of 2 capabilitiesShared product typeSame scale bandCompareIIBMPublic · $216.6BGIQ and IBM SPSS Modeler do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareYYandexPublicGIQ and Yandex DataSphere do comparable work on model training; Yandex's scale not recorded.2 of 2 capabilitiesShared product typeCompareOOraclePublic · $454.4BGIQ and OCI Data Science do comparable work on model training; larger scale (public); ships API service, agent platform and 5 more rather than the same layer.2 of 2 capabilitiesDifferent layerLarger scaleCompareAAmazonPublic · $2.8TGIQ and Amazon SageMaker AI do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareSASnorkel AIPrivate · $1.3BGIQ and Snorkel Flow do comparable work on model training; similar scale (private).1 of 2 capabilitiesShared product typeCompareAAdobePublic · $115.9BGIQ and Adobe Firefly Custom Models do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareMMicrosoftPublic · $3.7TGIQ and Microsoft Foundry do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareUUiPathPublic · $7.2BGIQ and UiPath AI Center do comparable work on model training; same layer and the same scale band (small-cap).2 of 2 capabilitiesShared product typeSame scale bandCompareNNeo4jPrivate · $2BGIQ and Neo4j Graph Data Science do comparable work on model training; similar scale (private).2 of 2 capabilitiesShared product typeCompareRRunwayPrivate · $5.3BGIQ and Runway Video Model Licensing do comparable work on model training; larger scale (private); ships AI agent, application and 3 more rather than the same layer.1 of 2 capabilitiesDifferent layerLarger scaleCompareAAlphabet (Google)Public · $4.2TGIQ and BigQuery ML do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareNCNAVER CloudPrivateGIQ and NCLUE do comparable work on model training; NAVER Cloud's scale not recorded.2 of 2 capabilitiesShared product typeCompareNNVIDIAPublic · $5.1TGIQ and NVIDIA AI Workbench do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareBBasetenPrivate · $13BGIQ and Baseten Training do comparable work on model training; larger scale (private).1 of 2 capabilitiesShared product typeLarger scaleCompareCSCerebras SystemsPublic · $44.4BGIQ and Cerebras Training Cloud do comparable work on model training; larger scale (public).1 of 2 capabilitiesShared product typeLarger scaleCompareTTolokaPrivateGIQ and Toloka Train do comparable work on model training; Toloka's scale not recorded.2 of 2 capabilitiesShared product typeCompareAMApplied MaterialsPublic · $380.7BGIQ and SmartFactory AI IQworks do comparable work on model training; larger scale (public).2 of 2 capabilitiesShared product typeLarger scaleCompareW&Weights & BiasesAcquiredGIQ and W&B Models do comparable work on model training; Weights & Biases is acquired, with no independent scale.1 of 2 capabilitiesShared product typeCompareMAMistral AIPrivate · $13.8BGIQ and Mistral Forge do comparable work on model training; larger scale (private).1 of 2 capabilitiesShared product typeLarger scaleCompareCCCactus ComputePrivateGIQ and Cactus Platform do comparable work on model training; Cactus Compute's scale not recorded.1 of 2 capabilitiesShared product typeCompareLALiquid AIPrivateGIQ and LEAP do comparable work on model training; Liquid AI's scale not recorded.1 of 2 capabilitiesShared product typeCompareKEKakao EnterprisePrivateGIQ and Kubeflow do comparable work on model training; Kakao Enterprise's scale not recorded.1 of 2 capabilitiesShared product typeCompareCMComet MLPrivate · $70M raisedGIQ and Comet Artifacts do comparable work on model training; similar scale (private).2 of 2 capabilitiesShared product typeCompareAAlibabaPublic · $273.4BGIQ and ModelScope do comparable work on model training; larger scale (public).1 of 2 capabilitiesShared product typeLarger scaleCompareLLabelboxPrivate · $189M raisedGIQ and Horizon do comparable work on model training; similar scale (private).2 of 2 capabilitiesShared product typeCompareAAMDPublic · $785.1BGIQ and AMD ROCm do comparable work on model training; larger scale (public).1 of 2 capabilitiesShared product typeLarger scaleCompareEEleutherAINonprofitGIQ and GPT-NeoX do comparable work on model training; EleutherAI is a nonprofit, with no independent scale; ships developer tool rather than the same layer.1 of 2 capabilitiesDifferent layerCompareTATogether AIPrivate · $8.3BGIQ and Together Custom Training do comparable work on model training; larger scale (private); ships API service, developer tool and 2 more rather than the same layer.1 of 2 capabilitiesDifferent layerLarger scaleCompareFAFireworks AIPrivate · $17.5BGIQ and Fireworks Training do comparable work on model training; larger scale (private); ships API service and model API rather than the same layer.1 of 2 capabilitiesDifferent layerLarger scaleCompare

Closest alternatives are pairs a vendor page itself compares. Similar products are matched from what each product does; nothing in that group is asserted as a rivalry.

Sources

Total funding

Checked — none published

Publicly listed; no venture funding total applies.

Market cap

Regulatory filing · 10 Sep 2026

ADX's own company-profile page hosts SPACE42's live market data and regulatory disclosures. Market cap AED 9,476,192,046 as of the 10 Sep 2026 close, converted at 3.6725 AED/USD (the dirham's fixed peg). Corrects the previous $2.7B, itself converted from a since-moved market cap.

Employees

Third-party database · 5 Sep 2026

'Employees 541', read 2026-09-05.

Founded

Press release · 1 Oct 2024

Space42's own debut release: "Established in 2024 following the successful merger between Bayanat and Yahsat." Corrects the previously recorded 2022, which was the listed PLC's incorporation date, not the merged entity's formation. Confirmed independently by ADX's own company-profile overview, which opens: "Formed in 2024 by the successful merger of Bayanat and Yahsat."

Revenue (TTM)

Press release · 11 Sep 2026

Space42's own FY2025 results release (syndicated via Zawya; space42.ai's own press page refuses automated fetches): "full year consolidated revenues of USD 577 million declined 8% year-on-year." Already stated in USD, no conversion needed. Corrects the previous $610M.

Description

Official documentation · 5 Sep 2026

G42's own page: 'Space42 is a UAE-based SpaceTech company applying AI beyond Earth. Listed on the Abu Dhabi Securities Exchange, it operates globally... Formed as a merger between Bayanat Smart Solutions and Yahsat Space Services.' Space42's own site (read in a browser; it refuses automated fetchers) leads on THURAYA-4 and the Foresight constellation.

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