SpaceX considers major investment in Vietnam's satellite internet services

SpaceX leadership has expressed a strong belief in the growth potential of

in Vietnam and is prepared to invest $1.5 billion.

Tim Hughes, Senior Vice President of SpaceX, one of the world’s leading companies in spacecraft, satellite launch, and satellite communication services, announced the corporation’s plans to invest $1.5 billion in Vietnam. This announcement came during a meeting with Vietnam's General Secretary and President Tô Lâm in New York on September 25.

Hughes mentioned that SpaceX initiated satellite internet projects five years ago, and the company currently operates over 6,000 low-earth orbit satellites, capable of delivering Starlink internet services almost anywhere on the planet. Starlink is a project that uses orbiting satellites to provide

.