Vietnamese aerospace firm VinSpace has signed a contract with SpaceX to launch its first satellites on a Transporter rideshare mission in 2027. The agreement marks a major step for the Vingroup-backed company as it builds in-orbit capabilities and commercial space services.
VinSpace — established in November 2025 as part of Vingroup, Vietnam’s largest private conglomerate founded by tycoon Pham Nhat Vuong — said the satellites will be developed and operated by the company. They are intended to validate the company’s technology in orbit and to support later commercial applications. VinSpace did not disclose the number, specifications or value of the contract.
SpaceX’s Transporter rideshare missions carry satellites from multiple customers on a single rocket, lowering launch costs by sharing capacity. VinSpace described reliable access to space as essential to moving satellite innovation into operational missions; CEO Thu Vu said such access is “fundamental” to the company’s plans.
The deal is part of VinSpace’s stated ambition to become a full-service aerospace provider, covering satellite design and manufacturing, launch management, operations and space-based data services. It also fits with Vingroup’s broader investments in high-tech sectors such as electric vehicles, artificial intelligence, robotics and space as Vietnam seeks faster economic and technological development.
Vietnam has been developing its space capabilities for years but remains a small player globally. The country launched its first telecommunications satellite in 2008 and another in 2012. In March, Vietnam opened a major space science and technology center in Hanoi’s Hoa Lac High-Tech Park to expand satellite development and use of space-derived data, and it aims to be a mid-level space power in Southeast Asia by 2030.
Earlier this year, Vietnam authorized SpaceX to offer Starlink internet service in the country, and Starlink has begun accepting orders there. Observers view moves like that and the VinSpace–SpaceX agreement as part of Vietnam’s broader push to strengthen its presence in commercial space activities.