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Vietnam’s VinSpace signs launch deal with SpaceX

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Source: Unsplash
Key takeaways by Insider Paper
  • VinSpace will launch its first satellites in 2027 via SpaceX's Transporter rideshare program.
  • VinSpace was founded last November by Vingroup, owned by Vietnam's richest man Pham Nhat Vuong.
  • The Transporter rideshare allows multiple customers to share a single SpaceX launch, reducing costs and increasing access.
  • In April Vietnam granted a license to SpaceX's Starlink for its first large scale satellite internet trial.
  • Starlink provides high-speed internet to remote locations via thousands of low Earth orbit satellites.

Vietnam’s only private space company, VinSpace, said Tuesday it will launch its first satellites next year using SpaceX’s “rideshare” programme.

The company was set up last November by the Vingroup conglomerate, owned by Vietnam’s richest man, Pham Nhat Vuong, with aspirations to become the country’s leading aerospace company.

Under the agreement announced Tuesday, VinSpace satellites will launch in 2027 as part of the Transporter rideshare programme from Elon Musk’s SpaceX, which enables multiple customers to share a single launch.

In April, Vietnam granted a licence to SpaceX’s Starlink, the communist country’s first trial of large-scale satellite internet connectivity.

Starlink provides high-speed internet access to remote locations around the world via thousands of low Earth orbit satellites.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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