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Will Italy finalize the $1.5 billion telecom deal with SpaceX by March 31, 2025?
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Italy•Elon Musk•SpaceX•Europe•Italian military•Mediterranean•Intelligence Services•Defense Ministry•Italian•Giorgia Meloni•Musk•Donald Trump•Florida
Resolution / Starting Odds
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Official announcements from the Italian government or SpaceX
Story
Italy in Advanced Talks With SpaceX for $1.5 Billion, 5-Year Secure Telecom Deal, Largest in Europe
Jan 5, 2025, 08:45 PM
Italy is in advanced talks with Elon Musk's SpaceX for a $1.5 billion (€1.55 billion) deal to provide secure telecommunications for the nation's government, marking the largest such project in Europe. The five-year contract, which has not yet been finalized, includes a full range of encryption for government telephone and internet services, as well as communication services for the Italian military in the Mediterranean area. The project has already received approval from Italy's Intelligence Services and Defense Ministry. The deal also encompasses the rollout of satellite services in Italy for emergency use, such as in cases of terrorist attacks or natural disasters. Italian Prime Minister Giorgia Meloni, who has a close relationship with Musk, met with Donald Trump in Florida on January 4, 2025, ahead of these discussions.
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