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Space42 secures $695.5M loan for developing Al Yah 4 and 5 satellites, boosting its growth.
Space42, a UAE-based satellite company, has secured a $695.5 million ECA-backed loan from major banks to fund the development of its next-generation satellites, Al Yah 4 and Al Yah 5, set for launch in 2027 and 2028.
The satellites feature flexible payloads that can be reconfigured in orbit to optimize coverage and bandwidth.
This financing strengthens Space42's liquidity and supports its long-term growth strategy.
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Space42 obtiene un préstamo de $695.5M para desarrollar Al Yah 4 y 5 satélites, impulsando su crecimiento.