The company “Space 42” has announced the signing of a financing agreement worth $695.5 million, backed by an export credit agency, aimed at developing its next-generation geostationary satellites “Yah 4” and “Yah 5”.
This funding marks a significant milestone in Space 42’s strategy to enhance its capabilities in critical communications via multiple orbits.
The credit facility was arranged by “Crédit Agricole CIB,” “Santander CIB,” “Société Générale,” and “Natixis,” with support from the French export credit agency “BPI France Assurance Export,” reflecting the growing confidence in Space 42 from leading global financial institutions.
The financing will be utilized to cover the launch costs of the two satellites, scheduled for 2027 and 2028, providing long-term and cost-effective funding that aligns with the development timeline and strengthens the company’s liquidity to support future growth initiatives.