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UAE's Space 42 and Fyasat launch $1B platform
The Emirati company “Space 42” and the American firm “Viasat” have jointly launched a platform called “EQUATIS,” aimed at expanding satellite communication services, with an investment of up to one billion dollars. The platform seeks to establish an independent space and ground infrastructure, providing direct device communication services in remote areas and regions with limited coverage. It also opens the door for new operators to join and plans to increase the satellite constellation to 60 satellites to meet the growing demand for space communication services, which is expected to reach a market value between $30 billion and $70 billion by 2040. The platform relies on a model similar to cell tower networks, which helps reduce costs and improve efficiency. It also enables funding collaborations and network expansion in the long term.
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