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Topic: UAE

The UAE became the first Arab country and the second country ever to successfully enter Mars’ orbit on its first try when its Hope probe reached the red planet in February 2021. (Pixabay) Space 

United Arab Emirates announced asteroid belt mission in search for evidence of life’s origins

Jim Hendler, ,

The United Arab Emirates on Monday announced plans to send a spacecraft to explore the solar system’s main asteroid belt, the oil-rich nation’s latest space project since the successful launch of the Hope spacecraft to Mars in 2020. The project, called the Emirates Mission to the Asteroid Belt, aims to develop the spacecraft over the coming years and then launch it in 2028 to study various asteroids. “This mission is a follow-up and continuation of the Mars mission, as it was the first Mars flyby in the region,” said Mohsen…

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The funding round is expected to value the rocket maker at about $140 billion News 

Elon Musk’s SpaceX is in talks with the funds of Saudi Arabia and the United Arab Emirates to obtain new financing

Adriana Marais, , , ,

A unit of a Saudi Arabian investment fund and an Abu Dhabi-based company plan to invest in a multibillion-dollar funding round for Elon Musk-led SpaceX, The Information reported Wednesday, citing people familiar with the discussions. According to the report, the funding round is expected to value the rocket maker at around $140 billion. SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to private equity firm Space Capital. The company and Morgan Stanley representatives have told investors that Saudi Arabia’s Water and Electricity Holding Company, part of…

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