Abu Dhabi-based International Holding Company (IHC) has announced that its key unit International Tech Group SP is acquiring an 80% stake in Marlan Holding, the company behind space tech firm Marlan Space, an investor and operator focused on space and space-related companies and technologies.
Boston Consulting Group (BCG) has announced the expansion of its Riyadh office, adding space and headcount to serve growing client demand across Saudi Arabia.
SpaceX has acquired artificial intelligence startup xAI in a transaction that media reports said values the combined entity at around $1.2 trillion, creating one of the most ambitious technology platforms ever assembled. Financial details were not formally disclosed by the companies.
Airbus, Leonardo and Thales have signed a memorandum of understanding (MoU) aimed at combining their respective space activities into a new company.
