Space technology and satellite innovation
Dubai-based Stellaria, formerly Farmin, has raised 6.8 million dollars in seed funding at a 114 million dollar valuation. It builds an AI operating system for geospatial intelligence, turning satellite imagery and mapping data into actionable insight.
The Oman Investment Authority has invested in Cambridge Innovation Capital and Oxford Science Enterprises, betting on world-class deep tech in quantum computing and life sciences, with an eye on transferring that knowledge home.
The ink had barely dried on the largest IPO in history when SpaceX moved to spend some of its new currency. Just days after raising more than $80 billion last week, the company has agreed to acquire Cursor, the AI coding startup developed by Anysphere, for $60 billion in an all stock transaction.
Few Saudi investors are having a better month than Kingdom Holding. The Riyadh listed company chaired by Prince Alwaleed bin Talal has revealed its stake in SpaceX is now worth roughly SAR 25.6 billion, or about $6.83 billion, after Elon Musk's rocket and satellite company hit the stock market.
Qatar's sovereign wealth fund keeps showing up wherever the future is being financed, and this time it has landed in orbit. The Qatar Investment Authority is backing a funding round worth more than $1.16 billion for ICEYE, the Finnish maker of radar imaging satellites, valuing it at over $12 billion.
Elon Musk rarely does things the way Wall Street expects, and SpaceX's IPO is no exception. The company is preparing the largest listing ever, aiming to raise about $75 billion, with an unusual twist. It plans to fix the price at $135 a share upfront rather than let demand set it.
Saudi investors got a jolt this week. Kingdom Holding, the investment company chaired by Prince Alwaleed bin Talal, surged 10 percent to close at 13.58 riyals, its highest finish in about a decade. The trigger was its disclosure of a SpaceX stake worth billions.
Backed by a $12 billion investment and a surge in private partnerships, the UAE is turning its space ambitions into an economic engine — positioning itself as the Middle East’s emerging hub for space technology and innovation.