{"id":105869,"date":"2025-07-24T00:00:00","date_gmt":"2025-07-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/space42-secures-debt-from-european-lenders-for-al-yah-satellites\/"},"modified":"2025-07-24T00:00:00","modified_gmt":"2025-07-24T00:00:00","slug":"space42-secures-debt-from-european-lenders-for-al-yah-satellites","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/07\/24\/space42-secures-debt-from-european-lenders-for-al-yah-satellites\/","title":{"rendered":"Space42 secures debt from European lenders for Al Yah satellites"},"content":{"rendered":"

Space42 <\/strong>secures USD 695.5 mn from European lenders for Al Yah sate<\/strong>llites: <\/strong>AI-powered space tech firm Space42 secured USD 695.5 mn in loans through a consortium of European banks to fund the development of its next generation geostationary satellites, according to a press release.<\/a> The funds will go towards developing the Al Yah 4 satellite, scheduled for launch in 2027, and the Al Yah 5 satellite, launching in 2028. <\/p>\n

Who\u2019s involved? <\/strong>The funding came from a consortium of Spanish and French banks, with France\u2019s Cr\u00e9dit Agricole, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, Natixis, and Spain\u2019s Santander arranging the facility \u2014 backed by Bpifrance Assurance Export, France\u2019s export credit agency.<\/span><\/p>\n

REFRESHER- <\/strong>Space42 received AED 3.7 bn in advance payments to develop the Al Yah 4 and Al Yah 5 satellites, part of a wider 17-year AED<\/a>18.7 bn<\/a>contract with the UAE government<\/a>. The program will provide secure and multi-path communications capabilities for the defense and civil sectors, according to Space42\u2019s Chief Financial Officer Andrew Cole. The satellites have flexible payloads, meaning their capabilities \u2014 such as coverage area, bandwidth, and frequency \u2014 can be adjusted in real-time while in orbit.<\/p>\n

Lots of outside support: <\/strong>Al Yah 4 and Al Yah 5 satellites are being developed by the European firm Airbus Defence and Space under an AED 3.9 bn contract signed last year<\/a>. They will be launched using Falcon 9 rockets developed by Elon Musk\u2019s SpaceX<\/a> and will eventually replace the UAE\u2019s older-generation Al Yah 1 and Al Yah 2 satellites.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funding came from a consortium of Spanish and French banks<\/p>\n","protected":false},"author":1,"featured_media":105870,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1391,68,397,492],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-space","tag-space42","wpautop","entry"],"acf":{"mongo_id":"e1bd2aa9-6224-42e0-81ef-d74ba74af74b","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1598.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Space42 secures debt from European lenders for Al Yah satellites","related_issue":[105859],"teaser":"The funding came from a consortium of Spanish and French banks","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.77678726-8c24-481c-9375-8093e6287fd9.mp3"},"yoast_head":"\nSpace42 secures debt from European lenders for Al Yah satellites - 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