Vietnam’s VinSpace announces deal with SpaceX to launch first satellite
Summary
Vietnam’s Vinspace will work with SpaceX to launch its first satellites in 2027 using SpaceX’s shared launch service. The satellites will help Vinspace test its technology in space and develop Vietnam’s commercial space sector.Key Facts
- Vinspace plans to launch satellites in the second quarter of 2027 with SpaceX’s Transporter ride-share program.
- Vinspace will handle the research, building, and operation of the satellites after launch.
- This mission aims to test satellite technology and expand international cooperation.
- Vinspace is based in Hanoi and owned mainly by Pham Nhat Vuong, Vietnam’s richest person.
- Vietnam has a history of satellite launches, starting with VINASAT-1 in 2008.
- In 2024, Vietnam declared space technology a national strategic priority.
- Vinspace is part of Vingroup, Vietnam’s largest private company, with capital of about $11.5 million.
- The project supports Vietnam’s goal to grow its commercial aerospace industry and join the global space market.
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