Fire Point and EDGE Group to Collaborate on UAE Spaceport and Missile Program
Ukrainian defense company Fire Point is exploring the development of a spaceport and missile program in the UAE through a partnership with EDGE Group, which plans to acquire a 30% stake for approximately $760 million. An official announcement regarding the collaboration is anticipated by Q1 2024. Founded in 2022, Fire Point aims to revitalize Ukraine's space program, while EDGE Group focuses on advancing defense technologies in the region.
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Ukrainian defense company Fire Point is considering building a spaceport in the UAE and developing a missile program as part of a deal with UAE's EDGE Group, which plans to acquire a 30% stake in Fire Point for about $760 million. An official announcement is expected by Q1 2024.
Fire Point, founded in 2022, produces drones and missiles and aims to revive Ukraine's space program. EDGE, established in 2019 and based in Abu Dhabi, comprises over 35 organizations focused on defense technologies.
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