Official announcement from SpaceX or Vietnamese government

SpaceX to Invest $1.5 Billion in Vietnam for Starlink Expansion, Correcting Earlier $15 Billion Figure

Sep 26, 2024, 07:19 AM

SpaceX is planning a significant investment in Vietnam, with a focus on its Starlink satellite service. The Vietnamese government announced that SpaceX intends to invest $1.5 billion in the country, correcting an earlier figure of $15 billion. This investment aims to expand SpaceX's Starlink satellite internet service, which could provide reliable internet access, especially in disaster-prone areas. The announcement follows a meeting in New York, and the investment is seen as a major step in enhancing global connectivity and supporting crisis response efforts.