Neo Space Group - NSG
Saudi Arabia's PIF-owned space group delivering satellite connectivity, geospatial intelligence, and PNT services
Neo Space Group (NSG) is a wholly owned subsidiary of Saudi Arabia's Public Investment Fund (PIF), established in May 2024 to serve as the Kingdom's national champion in the satellite and space sector. The company operates across satellite communications (including in-flight connectivity under the NSG Skywaves brand), geospatial services, and positioning, navigation, and timing (PNT). NSG has acquired UP42 from Airbus Defence and Space and Display Interactive, and counts Riyadh Air and Thai Airways among its in-flight connectivity customers. It also operates a venture capital arm investing in space and satellite sector opportunities.