NGC 7042 is a spiral galaxy located about 210 million light-years away in the constellation of Pegasus. NGC 7042 is part of a pair of galaxies that contains the galaxy NGC 7043. Astronomer William Herschel discovered NGC 7042 on October 16, 1784.

Supernova One supernova has been observed in NGC 7042: SN 2013fw (Type Ia, mag. 17.1) was discovered by Zhangwei Jin and Xing Gao on October 23, 2013.

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