VinSpace Joint Stock Company (“VinSpace”) has announced the signing of a launch contract with U.S.-based SpaceX. The agreement marks a milestone in VinSpace’s roadmap to build comprehensive aerospace capabilities, advancing its mission to support the development of Vietnam’s space industry.
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, support the development of VinSpace’s satellite engineering capabilities, and support future commercial space applications. Together with VinFast – Vietnam’s automotive manufacturer, focused on electric vehicle development, VinSpace is building towards becoming Vietnam’s full-stack aerospace company.
The agreement provides a 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 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. Selecting SpaceX as its launch service provider reflects VinSpace’s strategy of working with the world’s technology companies to realise its first space missions.
Mr. Thu Vu, Chief Executive Officer of VinSpace, shared that: “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 a platform for in-orbit technology validation, support the development of Vietnam’s aerospace talent, expand 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 supporting Vietnam’s sovereign space capabilities while delivering commercially sustainable solutions for customers across Vietnam, Southeast Asia and international markets.
