Al Hosani and Al Hashemi assumed their positions in 2024, the same year Bayanat and Yahsat merged to form Space42. The company operates as an AI-driven SpaceTech firm, delivering satellite communications, geospatial analytics, and AI solutions through its Space Services and Smart Solutions divisions. In Q1 2026, it reported a $6.4 billion backlog, and $3.6 billion in total assets. In 2025, it launched Thuraya-4 (T4-NGS), a next-gen satellite offering secure connectivity across over 100 countries and carries a 15-year government contract worth $708 million. Al Hashemi chairs GSOA; while Al Hosani sits on the advisory boards of the Khalifa University and the Sharjah University.