استمتع بـUnlimited مع Magzter GOLD

استمتع بـUnlimited مع Magzter GOLD

احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل

$149.99
 
$74.99/سنة
The Perfect Holiday Gift Gift Now

The Great Space Phone Race

June 2025 English

|

Forbes Middle East - English

ABEL AVELLAN is taking on SpaceX and Jeff Bezos' Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone.

- Alex Knapp

The Great Space Phone Race

Last September, a crowd of seasoned spectators gathered at Cape Canaveral, Florida, to watch as SpaceX's Falcon 9 rocket took flight for the 373rd time. But it wasn't carrying yet another of Elon Musk's Starlink satellites to join the 7,100-plus he has already circling Earth. Onboard instead were five satellites from AST SpaceMobile, a tiny Starlink rival that SpaceX has derided as a "meme stock" in regulatory filings with the federal government. Each was equipped with a 700-square-foot antenna that would unfold in orbit, an early step in establishing a network AST hopes will someday best the incumbent mocking it.

The size of these antennas—and the even larger 2,400-square-foot version that will succeed them—are key to CEO and founder Abel Avellan’s plan to win a new market: satellite internet beamed directly to your phone. In contrast to SpaceX, which uses thousands of satellites to connect residences, businesses, vehicles and even the White House to the internet, AST’s super-large antennas should give it global coverage with just 90 satellites. The company plans to launch 60 into orbit by the end of 2026.

The goal is to keep cellphones connected when out of range of a tower. You'd be able to make calls even when hiking in a remote area or froma boat miles offshore. Until recently, that required expensive satellite phones with special hardware. “Our vision is to provide connectivity without disadvantage to wherever people are located,” says Avellan, 54.

المزيد من القصص من Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

PROFITING PERSONALLY

Lili Reinhart rode mainstream media to stardom. Now she's building a huge social media fan base to back her entertainment and skin care bets.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

AI's Inner Voice

ELEVENLABS' computer voices are so convincing they could fool your mother. That's both a blessing-its 30 Under 30 alumni founders are now both billionaires- and a curse for the four-year-old company.

time to read

5 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

The Biggest Arab Billionaire Winners And Losers In 2025

A year defined by shifting markets, and geopolitical turbulence reshaped the fortunes of Arab billionaires in 2025. Here are the top gainers and losers of 2025.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Top Performing Newly Listed MENA Companies Of 2025

In 2025 so far, 41 companies debuted on the MENA stock exchanges through IPOs, raising $5.9 billion. Of these, 14 saw their share prices surge, two remained unchanged, while 25 traded below their offer prices. Here are the top new performers, with data as of November 13, 2025.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Top Arab Gold Purchasers Over Two Years

In the wake of rising regional tensions, Arab central banks have doubled down on gold. Prices have skyrocketed 122% since October 7, 2023, hitting $4,067.2 per ounce by November 18, 2025, as per Bloomberg spot prices. Over the same period, the Federal Reserve lowered the federal funds rate from 5.25%-5.5% to 3.75%-4% in October 2025.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

AI In 2026 What To Watch Out For

AI is evolving from a supportive tool to a strategic Force. Here's what experts are forecasting for AI in 2026 and beyond.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

Meet The World's Youngest Billionaires 2025

The world's youngest billionaires, spanning self-made and inherited wealth, have made their mark before turning 25. Spanning industries from pharmaceuticals to gaming, they represent the next generation of global wealth transfer and are collectively worth more than $22.7 billion. Ages, net worths and rankings are as of December 11, 2025.

time to read

2 mins

Forbes ME December English Issue

Forbes Middle East - English

Forbes Middle East - English

CHICKEN SCRATCH

NO ONE WOULD FINANCE TODD GRAVES' IDEA FOR A RESTAURANT SERVING ONLY CHICKEN FINGERS. SO HE WORKED AS A BOILERMAKER AND SALMON FISHER TO FUND IT HIMSELF. NOW RAISING CANE'S IS ONE OF AMERICA'S HOTTEST FAST-FOOD CHAINS AND GRAVES IS THE COUNTRY'S RICHEST RESTAURATEUR, WORTH $22 BILLION.

time to read

12 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

RIDING THE WAVE

Saudi Arabia's tourism revival under Vision 2030 is creating new opportunities. For Taiba CEO Sultan Al-Otaibi, acting fast is imperative and so is investing $880 million in eight prime projects to keep pace with rising demand.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

CEO Pay Power Play

Executive compensation across corporate America surged in 2024, driven by stock options and performance bonuses.

time to read

2 mins

November 2025 - English - Forbes Middle East

Listen

Translate

Share

-
+

Change font size

Holiday offer front
Holiday offer back