Try GOLD - Free

The Great Space Phone Race

Forbes Middle East - English

|

June 2025 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.

MORE STORIES FROM Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

FLYING AHEAD

Earlier this year, flynas became the first ever listed carrier in Saudi Arabia to go public, raising $1.1 billion in its landmark IPO. Managing Director and CEO Bander Almohanna now has his sights set on further route expansion and new destinations.

time to read

7 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

The Vibe-Coding Factory

Stockholm-based LOVABLE has become the world's fastest-growing software startup, hitting over $100 million in annualized revenue in just eight months by using Al to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

Navigational Hazards

Even with nepotism, protectionism and infinite” liquefied natural gas, THOMAS CROWLEY JR. shows it ain’t easy being the third generation to run an American shipping company.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

REDEFINING LUXURY

Noelle Homsy and Chris Nader built luxury ecolodge brand ENVI Lodges to redefine what it means to travel luxuriously and responsibly in the experiential outdoor hospitality space. Now, as they move towards closing their third funding round, bigger plans are on the horizon.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

RESILIENT EXPANSION

Kamel Abou-Aly, Founder and Chairman of Pickalbatros Hotels Resorts, began building his hospitality empire in Egypt 33 years ago. With 5 billion invested at home and abroad, the group continues to expand while strengthening Egypt’s position as a global tourism hub.

time to read

7 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

TOP 100 TRAVEL & TOURISM LEADERS 2025

Despite ongoing challenges in the Middle East, the region remains a hotspot and a key global tourism hub, driven by diverse attractions the GCC and a robust pipeline of ongoing developments.

time to read

4 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

Time to Beat Apple

Small value stocks haven't been doing well. But money manager MILES LEWIS makes the case that at a time of turbulence on Wall Street, they are ready for a rebound.

time to read

4 mins

July 2025 English

Forbes Middle East - English

Forbes Middle East - English

CAPITAL CATALYST

America’s largest bank, J.P. Morgan, is deepening its MENA footprint under Khaled Hobballah, Senior Country Officer for MENA and Head of Markets for MENA Tirkiye. As the region gains strategic weight, Hobballah is shaping how global finance flows through the fastest-growing hub.

time to read

6 mins

July 2025 English

Forbes Middle East - English

Forbes Middle East - English

GLOBAL MEETS LOCAL 2025

As global corporations deepen their roots in MENA, the region continues to evolve into a magnet for investment, innovation, and cross-border collaboration.

time to read

3 mins

July 2025 English

Forbes Middle East - English

Forbes Middle East - English

EVERYTHING AI

David Meads, Vice President for the Middle East, Africa, Türkiye, Romania, and the Commonwealth of Independent States at Cisco, returned to the region last year to plug into its full tech-leading potential. With Al dominating conversations and partnerships powering growth, he's seeing fast results.

time to read

6 mins

July 2025 English

Listen

Translate

Share

-
+

Change font size