Vietnam’s VinSpace signs deal with Elon Musk’s SpaceX to launch its first satellites in 2027
Summary
Vietnam’s aerospace company VinSpace has signed a deal with SpaceX to launch its first satellites in 2027 on a shared SpaceX rocket mission. This move supports Vietnam’s plan to grow its space industry and develop its own satellite technology.Key Facts
- VinSpace is a Vietnamese aerospace company established in November 2025 under the VinGroup conglomerate.
- The company signed a contract with SpaceX to launch satellites via a rideshare mission in 2027.
- SpaceX’s rideshare mission carries multiple customers’ satellites on one rocket to reduce launch costs.
- VinSpace plans to build and operate its own satellites to test technology and support future commercial uses.
- VinGroup, founded by Pham Nhat Vuong, is Vietnam’s largest private company with diverse businesses.
- Vietnam launched its first telecom satellite in 2008 and a second in 2012 but is still a small player in space.
- Vietnam aims to become a mid-level space power in Southeast Asia by 2030.
- Vietnam recently allowed SpaceX to offer Starlink satellite internet in the country, expanding space-based services.
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