Vietnam says SpaceX plans to invest RM6.2b, as Elon Musk’s company plans to expand Starlink services in Southeast AsiaHANOI, Sept 26 — Elon Musk’s SpaceX plans to invest US$1.5 billion in Vietnam in the near future, the government of the Communist-run nation said today, which could help resolve a stalemate over the launch of its Starlink satellite services there.
The remark followed the leader’s meeting in New York with SpaceX government affairs official Tim Hughes, who said the company planned to invest $15 billion in Vietnam, a promising market for its satellite internet service, the report added. Large mountainous swathes also make internet services less reliable in Vietnam, which could also use satellite internet for tasks such as tighter patrolling in the disputed South China Sea where it is often at odds with China.Thursday’s news follows a report this month on the government portal that cited Hughes as saying SpaceX aimed to provide Starlink services to the Southeast Asian nation, after the two sides had resumed talks.