VinSpace Joint Stock Company has signed a launch contract with the Elon Musk-led SpaceX, marking a significant milestone in the Vietnamese venture’s roadmap to build comprehensive aerospace capabilities, advancing its mission to foster the development of the Southeast Asain country’s space industry.
VinSpace, a member of the Vingroup ecosystem, is building towards becoming Vietnam’s leading full-stack aerospace company, with the long-term goal of developing capabilities across the entire space value chain, from satellite systems and ground infrastructure to geospatial intelligence, satellite connectivity, and downstream applications.
Through strategic partnerships with leading global technology providers, alongside long-term investment in research, development, and commercialization, VinSpace, in the coming days, will be looking to deliver space-enabled solutions for infrastructure, energy, environmental management, logistics, and smart cities.
Under the agreement, VinSpace’s satellites will launch aboard a Transporter rideshare mission in 2027 as part of SpaceX’s rideshare program, which enables multiple customers to share a single launch. VinSpace is responsible for the research, development, manufacturing, and on-orbit operation of its satellites.
“The satellites will support the on-orbit demonstration of in-house developed technologies, strengthen VinSpace’s satellite engineering capabilities, and pave the way for future commercial space applications. Together with VinFast, Vietnam’s leading automotive manufacturer, VinSpace is building towards becoming Vietnam’s leading full-stack aerospace company,” the venture remarked.
The agreement provides an important foundation for VinSpace’s first satellite missions. In April 2026, the company announced its plan to develop and launch its first satellites into orbit in 2027.
“The agreement represents another important step in VinSpace’s long-term vision to become a full-stack aerospace company, developing capabilities across the entire space value chain – from satellite design and manufacturing to Assembly, Integration and Testing (AIT), launch mission management, satellite operations, and downstream space data products and services,” the entity remarked.
Mr. 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’s upcoming satellite missions are expected to provide an important platform for in-orbit technology validation, accelerate the development of Vietnam’s aerospace talent, deepen international collaboration, and support the commercialization of space technologies. As satellites, low Earth orbit (LEO) constellations, and other space technologies become increasingly important to economic growth, infrastructure resilience, and national technological competitiveness, VinSpace is committed to strengthening Vietnam’s sovereign space capabilities while delivering commercially sustainable solutions for customers across Vietnam, Southeast Asia, and international markets,” the senior official concluded.