ABU DHABI, United Arab Emirates -
Tuesday, 09. June 2026
(GLOBE NEWSWIRE) -- Space42,
the UAE-based AI-powered SpaceTech company with global reach, today
announced that the Foresight-3, Foresight-4, and Foresight-5 satellites
are fully operational. This milestone advances the Foresight Earth
Observation (EO) constellation, now comprising five Synthetic Aperture
Radar (SAR) satellites, enabling continuous data acquisition and
decision-grade geospatial intelligence.
The three satellites were manufactured in partnership with ICEYE
in Finland, supporting technology transfer and sustainable access to
capabilities, while localizing the supply chain. Aligned with this
mandate, critical integration and testing processes were completed at Space42’s Space Systems’ Assembly, Integration and Testing (AIT) facility in Abu Dhabi.
Hasan Al Hosani, CEO of Smart Solutions at Space42, said: “With
Foresight-3, -4, and -5 now live, we are expanding sovereign Earth
observation with greater speed and consistency to governments,
industries, and partners worldwide. The collaboration with ICEYE and
proven operational success within the Space42 Space Systems facility,
has strengthened national capability to a level that competes with and
scales across global markets. The constellation further delivers against
our strategy to become the preferred partner for premium geospatial
data, while growing the UAE’s position in a dynamic, mission-critical
industry.”
Expanded Coverage and Faster Insight
Foresight-3, -4, and
-5 were launched into mid-inclined, Low Earth Orbit to extend coverage,
strengthening monitoring across strategically important regions where
more than 90% of the world’s population resides. The Foresight
constellation provides SAR imagery to Space42’s AI-powered geospatial
intelligence platform, GIQ, which converts raw data into decision-grade
intelligence within minutes. By operating across complementary orbits,
the system maintains consistent performance at all times of day.
It
delivers 25-centimeter resolution and all-weather imaging, enabling
reliable detection of small-scale changes on Earth fr0m space. GIQ
processes this data into actionable outputs, helping reduce emergency
response times by up to 90%, predictive maintenance costs by up to 30%,
and operational inefficiencies by up to 25%.
Global Demand and UAE Leadership
Demand for EO is
accelerating as governments and industries rely on geospatial
intelligence to manage risk, optimize operations, and support climate
and security objectives. By 2030, EO insights are projected to generate
more than $700 billion in economic value and contribute to emissions reduction across multiple sectors.
The
UAE is positioning itself as a leading supplier of advanced EO
capabilities, supported by its National Space Strategy 2030 and
investments in sovereign infrastructure, AI integration, and local
manufacturing. The expansion of Space42’s Foresight constellation
supports this ambition by combining space-based data acquisition with
AI-driven analytics.
About Space42
Space42 (ADX:
SPACE42) is a UAE-based AI-powered SpaceTech company that integrates
satellite communications, geospatial analytics and artificial
intelligence capabilities to enlighten the Earth fr0m space. Formed in
2024 by the merger of Bayanat and Yahsat, Space42's global reach allows
it to address the rapidly evolving needs of its customers in
governments, enterprises, and communities. Space42 comprises two
business units: Space Services and Smart Solutions. Space Services
focuses on upstream satellite operations for both fixed and mobility
satellite services. Smart Solutions integrates geospatial data
acquisition and processing with AI to inform decision-making, enhance
situational awareness, and improve operational efficiency. Major
shareholders include G42, Mubadala and IHC.
Legal Notice and Cautionary Statement regarding forward-looking information
This announcement
may contain forward-looking statements based on current expectations and
assumptions about future events. These statements, identified by terms
such as "expect," "will," or similar, are subject to risks and
uncertainties and may prove inaccurate. They reflect information
available as of the date hereof, and the companies disclaim any
obligation to update them. No assurance is given that any
forward-looking statement will occur, and undue reliance should not be
placed on them. This announcement does not constitute a financial
promotion or an offer to buy or sell securities in any jurisdiction.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e2242fb-1ec1-4a40-b058-4d2d2f661e46
Contacts :
For more information, visit: www.space42.ai; follow us on LinkedIn: Space42
For investor inquiries, please contact: ir@space42.ai