The small satellite is projected to generate $15,686.3m (15.69 bn) by 2026 which garnered revenue of $3,632.4m in 2018, according to a new report by Trends Market Research, titled Small Satellite Market by Type, Application, and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026. The market is projected to experience a growth at a CAGR of 20.1% from 2019 to 2026.

Read more: Small satellite market predicted to generate $15.69 bn by 2026

The region’s first environmental nanometric satellite is scheduled to take off from Baikonur Cosmodrome in Kazakhstan on 20th March, 2021, Dubai Municipality, in collaboration with the Mohammed Bin Rashid Space Centre (MBRSC), has announced.

Read more: Dubai Municipality, MBRSC set to launch region’s first environmental nonmetric satellite

Tawazun Economic Council and the UAE's flagship satellite services operator, Yahsat, have signed a Memorandum of Understanding (MoU) to establish a new company to develop critical in-country capabilities in relation to the development and manufacture of advanced satcom solutions within the UAE, with a focus on building intellectual property locally for increased national security and advanced technology development.

Read more: Tawazun and Yahsat collaborate to develop 'Made in the UAE' SATCOM solutions

SpaceX is seeking regulatory approval from the FCC to connect its Starlink satellites to trucks, shipping boats, aircraft, and RV’s. This request marks SpaceX’s biggest step yet toward connecting Starlink to the automotive sector, a step which could significantly expand its business.

Read more: Starlink to link its broadband connection to certain moving vehicles

EPI, a key contributor to UAE’s aerospace and defence industry, has announced that it has joined forces with the Mohammed Bin Rashid Space Centre (MBRSC), to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI produce 147 machined parts for MBRSC in addition to carrying out surface treatment and inspection services.

Read more: MBRSC taps EPI to manufacture components for MBZ-SAT

Intelsat SA (OTC: INTEQ), operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure, announced that it has obtained the support of key creditor constituencies on the terms of a comprehensive financial restructuring that would reduce the Company’s debt by more than half – from nearly $15 billion to $7 billion – and position the Company for long-term success.

Read more: Financial restructuring process set to position Intelsat for long-term success

Al Yah Satellite Communications Company (Yahsat) has announced the appointment of three new members to its Board of Directors. Musabbeh Al Kaabi, CEO of the UAE Investments platform at Mubadala Investment Company PJSC (Mubadala), will assume the position of Chairman of the Board, and Badr Al Olama, Executive Director of the UAE Clusters unit within Mubadala’s UAE Investments platform, will join as a Board member.

Read more: UAE satellite company Yahsat appoints new CEO, 3 BoD members

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