Vietjet signs Starlink in-flight internet deal; VinSpace books SpaceX launch

Overview

Vietjet (VJC) has signed a contract with Starlink Services Vietnam to provide in-flight internet, while VinSpace, a Vingroup (VIC) subsidiary, has signed a launch services agreement with SpaceX for satellite launches planned for Q2 2027. These agreements highlight the growing presence of SpaceX’s ecosystem in Vietnam and mark strategic steps by two of the country’s largest private enterprises.

Key Facts

• Vietjet signed the Starlink in-flight internet contract in May 2026, as disclosed in its H1 2026 corporate governance report.
• Starlink Services Vietnam was established in September 2025, with registered capital of VND 30 billion, headquartered in Hà Nội.
• Starlink Services Vietnam is owned by Starlink Holdings Netherlands B.V., based in Amsterdam.
• On February 13, the Radio Frequency Directorate granted Starlink Services Vietnam a license to use frequencies and radio equipment, allowing up to 600,000 terminals and 4 gateway stations initially.
• VinSpace signed a contract with SpaceX on August 11, 2026, for launch services.
• VinSpace’s satellites are expected to launch in Q2 2027 via SpaceX’s Transporter Rideshare program.
• Vietjet had been in talks with SpaceX since 2025 to equip its fleet of hundreds of aircraft with internet connectivity.

What Happened

Vietjet, founded by billionaire Nguyễn Thị Phương Thảo, has signed a contract with Starlink Services Vietnam to provide in-flight internet, according to the company’s H1 2026 corporate governance report. The agreement, signed in May, follows earlier discussions with SpaceX and other technology providers starting in 2025. Starlink, a satellite internet system developed by SpaceX, uses thousands of low-orbit satellites to deliver high-speed internet, including to areas where traditional telecom infrastructure is limited.

Separately, on August 11, VinSpace, a Vingroup subsidiary, signed a contract with SpaceX for launch services. Under the agreement, SpaceX will provide launch services, while VinSpace will handle research, design, manufacturing, and operation of its satellite system. The satellites are planned for launch in Q2 2027 via SpaceX’s Transporter Rideshare program, a cost-sharing launch model that allows multiple customers’ satellites to be deployed in a single mission.

Market Context

Vietjet (VJC) closed at VND 127, up 0.16%, with volume of 788,200 shares on August 12, 2026, on HOSE. Vingroup (VIC) closed at VND 215, up 2.97%, with volume of 4,480,100 shares on the same day. The announcements come as SpaceX expands its operations in Vietnam, with Starlink Services Vietnam having received its frequency license in February. For Vietjet, the in-flight internet deal could enhance its service offering and competitiveness in the airline sector. For Vingroup, the satellite launch agreement aligns with its broader technology and innovation ambitions.

Strategic Significance

For Vietjet, the Starlink partnership is a strategic move to differentiate its passenger experience, potentially attracting premium travelers and improving operational efficiency. For Vingroup, the VinSpace-SpaceX agreement marks a significant step into the space technology sector, positioning the conglomerate as a player in Vietnam’s emerging satellite industry. The deals also underscore the growing integration of global tech infrastructure into Vietnam’s corporate landscape, which could have long-term implications for both companies’ growth trajectories and the broader market.

What to Watch

• Vietjet’s rollout timeline for Starlink-enabled flights and any related service fees or subscription models.
• VinSpace’s progress on satellite development and any updates on the Q2 2027 launch schedule.
• Regulatory approvals or additional licenses that may be required for Starlink operations in Vietnam.
• Financial details of the contracts, which have not been disclosed.
• Market reaction to these announcements in upcoming trading sessions for VJC and VIC.