TAMPA, Fla. — Emirati satellite operator Yahsat and geospatial artificial intelligence provider Bayanat completed their merger Oct. 1, forming a company called Space42 valued at about $3 billion on the Abu Dhabi Securities Exchange.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...