Italy-USA Italy on the verge of a €1.5 billion deal with Elon Musk's SpaceX
According to a media report, Italy wants to acquire a secure communication system worth 1.5 billion euros from US tech billionaire Elon Musk's SpaceX group. Musk has been appointed by future US President Donald Trump as his advisor.
05.01.2025, 22:23
SDA
Both sides are in advanced talks, Bloomberg News reported on Sunday evening. A five-year contract is planned and the government in Rome is concerned with secure communication.
Although a final agreement has yet to be reached, the project has already been approved by the Italian secret services and the Ministry of Defense. SpaceX and the Italian Ministry of Defense did not initially respond to inquiries.
According to the report, SpaceX is to provide Italy with encryption for telephone and internet services used by the government. Communication services for the Italian military in the Mediterranean region and the introduction of satellite services for emergencies such as terrorist attacks or natural disasters are also planned.
Bloomberg reported on the planned billion-euro deal after Italian Prime Minister Giorgia Meloni met Trump on Sunday during a surprise visit to his Florida estate.
