Vietnam says Musk's SpaceX plans $1.5bn Starlink investment

Southeast Asian nation's president says government considering proposal

20240926 Vietnam Starlink 2024-09-13T023136Z_860238913_RC2TT7A4OQAY_RTRMADP_3_AUSTRALIA-MISINFORMATION-MUSK.JPG

Elon Musk, chief executive officer of SpaceX, attends the launch of the company's Starlink internet service in Indonesia on May 19.  © Reuters

HANOI (Reuters) -- Elon Musk's SpaceX plans to invest $1.5 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of its Starlink satellite services there.

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.

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