NGSO solutions positioned to capture 97% market share by 2034, driven by Starlink growth.
Analyst Report
Since its launch in October 2024, Space42 has continued to execute across its four strategic growth pillars, building the operational and financial foundation...
As the backbone of satellite communication, transponders play a critical role in transmitting signals from satellites to earth stations, making them...
Starlink’s growth signals a strategic shift as SpaceX evolves from a launch provider to a diversified operator reshaping the commercial space landscape.
The satellite broadband market is expected to sustain an addressable user base of 650 to 750m through 2033.
The Saudi space market is projected to reach $5.6bn by 2035, supported by space technologies.
The Total Operating Revenues at the end of 2024 reached $101.1m, compared to $101.8m in the previous year, reflecting a slight decrease of 0.67%.
The company delivered EBITDA of $317m, with an eight-percentage-point margin increase, and ended the year with a cash position exceeding $1.1bn.
Government investment remains a key factor in driving growth, with global military space budgets exceeding $64bn.
