VinSpace, the aerospace venture created by Vingroup in November 2025, said SpaceX will launch its first satellites on a 2027 Transporter rideshare mission, giving the U.S. rocket company another customer in Vietnam as the country pushes to become a mid-level space power in Southeast Asia by 2030. The satellites are meant to test VinSpace technology in orbit and support future commercial services in satellite operations and space-based data, alongside an earlier plan to build capabilities across satellite design, assembly, integration and testing, launch management and on-orbit operations. VinSpace was set up with initial capital of 300 billion Vietnamese dong ($11.4 million), and Vingroup founder Pham Nhat Vuong holds a majority stake. The agreement comes after Hanoi approved Starlink service in February, Starlink began taking orders in Vietnam, and a major space science and technology center opened at Hanoi's Hoa Lac High-Tech Park in March; Vietnam previously launched telecommunications satellites in 2008 and 2012. For SpaceX, the booking adds to a recent run of U.S. Space Force awards and follows a first public earnings report showing second-quarter revenue rose 92% to $7.8 billion, Starlink subscribers doubled to 12 million, backlog reached $47.5 billion, cash stood at $100 billion and capital spending topped $18 billion as the company reported a 9-cent-per-share loss.