Vingroup’s VinSpace signs SpaceX contract for satellite missions

Vietnamese conglomerate Vingroup's satellite unit, VinSpace, has inked a launch agreement with SpaceX for its upcoming missions, according to a statement released on Tuesday (Aug 11). The satellites under VinSpace's purview will embark on a SpaceX Transporter rideshare mission set to take off in 2027, sharing the launch with other customers.

VinSpace is responsible for the research, development, manufacturing, and in-orbit operation of its satellite fleet. The company's launch contract with SpaceX underscores its commitment to expanding its capabilities across the entire space value chain, encompassing satellite design and manufacturing, assembly, integration, testing, launch management, operations, and data services.

VinSpace's objectives for these missions include conducting in-orbit technology tests, advancing satellite capabilities, fostering international collaboration, and paving the way for future commercial applications. Founded in November 2025 with an initial capital injection of 300 billion dong (approximately US$11.4 million), VinSpace is majority-owned by Vingroup's founder, Pham Nhat Vuong.