The Journal of Space Commerce

The Journal of Space Commerce

UP42 Earth Observation Digital Platform Acquired by Neo Space Group

Saudi Arabian Company Reaches Agreement with Airbus

Tom Patton's avatar
Tom Patton
Dec 09, 2024
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A definitive agreement has been reached between Neo Space Group and Airbus Defense and Space (Airbus) to acquire the latter company's UP42 business, a next-generation earth observation digital platform. The transaction is subject to the satisfaction of customary closing conditions, including required regulatory clearances. UP42, launched by Airbus in 20…

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