VinSpace signs SpaceX launch deal for 2027 satellite mission

VinSpace Joint Stock Company, a member of Vietnam's Vingroup ecosystem, has signed a launch contract with SpaceX to deploy satellites aboard a Transporter rideshare mission in 2027, according to a press release from the company.

Under the agreement, VinSpace's satellites will share a single launch vehicle with other customers as part of SpaceX's rideshare program. VinSpace will be responsible for the research, development, manufacturing, and on-orbit operation of its satellites.

The company said the satellites are intended to support on-orbit demonstration of in-house developed technologies and to advance its satellite engineering capabilities. VinSpace announced its plan to develop and launch its first satellites into orbit in 2027 in April 2026.

Thu Vu, Chief Executive Officer of VinSpace, said: "Reliable access to space is fundamental to turning satellite innovation into operational missions. This contract with SpaceX is an important milestone in VinSpace's long-term strategy to help build Vietnam's space ecosystem and strengthen the country's position within the global space economy."

VinSpace has stated its goal of developing capabilities across the full space value chain, including satellite design and manufacturing, assembly, integration and testing, launch mission management, satellite operations, and space data products and services.

VinSpace is affiliated with VinFast (NASDAQ: VFS), Vietnam's electric vehicle manufacturer and a subsidiary of Vingroup JSC.

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