Vietnam says Musk’s SpaceX plans $15-billion Starlink investment

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'The Vietnamese government is considering the (investment) proposal of SpaceX,' a report on the government portal quotes President To Lam as saying, asking the company to work closely on completing preparations for the investment

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Months of talks on the offer of Starlink’s satellite internet connection and other communications services were put on hold at the end of 2023, sources familiar with the matter had told Reuters earlier this year, although they resumed later. The government did not clarify where SpaceX’s investment would be made, nor when details could be agreed.Vietnam’s foreign ministry did not respond to a request for comment.

At the time, Hughes, the company’s senior vice president for global business and government affairs, said SpaceX’s deployment of internet services in Vietnam aimed mainly to benefit education and disaster prevention efforts, state media reported.

 

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