Space 42 has announced its consolidated financial results for the nine-month period ending September 30, 2025, reporting revenues of $363 million.
According to a statement released yesterday, the company’s largest business segment, Space Services, saw an 11% increase in third-quarter revenues compared to the previous quarter, fueled by a new government contract worth $700 million, which spans 15 years.
The contract commenced on July 1 following the successful launch of the Thuraya-4 satellite, alongside significant double-digit growth in managed services revenues. Space 42 concluded the last nine months with cash and short-term deposits totaling $755 million.
The company also reported contracted future revenues of $6.7 billion and has secured new financing facilities amounting to $696 million, supported by export credit agencies to fund the development programs for the Yahsat-4 and Yahsat-5 satellites.
In October, Space 42 received an additional advance payment of $300 million from the Government of the UAE as part of the $5.1 billion government contract that extends over seventeen years.