Italy plans $1.5 billion SpaceX telecom security services deal, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on January 5, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 5, 2025
1 min readLast updated: January 27, 2026

Italy is negotiating a $1.5 billion deal with SpaceX for secure telecom services, focusing on top-level encryption for government use.
(Reuters) - Italy is in advanced talks with Elon Musk's SpaceX for a deal to provide secure telecommunications for the government, Bloomberg News reported on Sunday.
Italian officials have been negotiating on a 1.5 billion euros ($1.55 billion) deal aimed at supplying Italy with a full range of top-level encryption for telephone and Internet services used by the government, the report said, citing people with knowledge of the matter.
($1 = 0.9708 euros)
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Andrew Heavens)
The main topic is Italy's negotiations with SpaceX for a $1.5 billion telecom security services deal.
The deal includes secure telecommunications services with top-level encryption for the Italian government.
Bloomberg News reported the ongoing negotiations between Italy and SpaceX.
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