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Space42 reports 11% revenue growth and 30% jump in normalized EBITDA for first nine months of 2026

Company Fundamentals
14 Nov 2026, 01:31 WIB
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Bullish
Space42 reports 11% revenue growth and 30% jump in normalized EBITDA for first nine months of 2026

Space42, a UAE-based space technology company, announced strong financial results for the first nine months of 2026, with revenue up 11% to $404 million and normalized EBITDA rising 30% to $194 million. Growth was driven by its two main divisions: Space Services, which saw an 11% revenue increase supported by a major satellite contract, and Smart Solutions, which grew 16% due to rising demand for geospatial intelligence. The company also strengthened its cash position to $1.3 billion and secured a $6.2 billion order backlog, underpinning its strategic goals and future growth prospects.

Space42 reported a 30% rise in normalized EBITDA to $194 million in the first nine months of 2026, highlighting its strong financial performance. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 14, 2026 02:11 WIB: out of 150 priced US tech stocks, 58 rose and 89 fell. Notable movers include RGTI at USD 9.66 with a -6.58% change, ATOM at USD 2.71 down 6.55%, and FIRY at USD 11.28 down 6.39%, with respective Pluang order activities showing mixed buy and sell interest.

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