10 July 2025 – Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading commercial space services provider, announced today that the company has completed its previously announced acquisition of UP42 GmbH, the leading Earth Observation (EO) platform previously owned by Airbus Defence and Space GmbH. Following the initial announcement in December 2024, UP42 is now formally part of the NSG organization. This strategic acquisition substantially enhances the capabilities of both organizations. NSG significantly expands its market reach, deepens its technological expertise, and gains access to a broader range of geospatial assets. The transaction also enables UP42 to accelerate its international growth and drive geospatial innovation on a global scale, positioned to deliver even stronger services to its fast-growing customer base and to expand the platform’s reach for its partners. Read more