UAE space-tech giant Space42 launches on ADX – and with more frontiers to go

Dubai: Space42 has finally launched – and along with it another major push by the UAE towards making a statement in a hugely lucrative and still developing space economy.

Space42 represents the merger of two ADX-listed entities, Yahsat and Bayanat, to create what’s been billed as one of the biggest publicly listed space technology companies in the world. Today (October 1), the Space42 ticker made its debut on the ADX. (The stock opened at Dh2.38.)