Decentralized infrastructure startup Spacecoin has signed an exclusive Memorandum of Understanding (MoU) with Vietnam-based DETI Technology, targeting at least $100 million in annual revenue through the deployment of satellite internet, blockchain, sovereign routing, and Edge AI solutions across the country. The agreement grants DETI exclusive rights to develop and distribute Spacecoin’s technologies in Vietnam for three years, pending regulatory approval, and initially aims to serve major mobile operators Mobifone and Gtel.
The planned network will integrate several technologies: decentralized satellite telecommunications to reduce dependence on centralized operators, sovereign routing to keep internet traffic within national borders and strengthen data sovereignty, and Edge AI to process information closer to end users for lower latency and bandwidth costs. Blockchain will handle network coordination and settlement. Spacecoin founder Tae Oh noted that Vietnam’s embrace of advanced infrastructure aligns with the company’s long-term strategy, while emphasizing the satellite industry’s accelerating launch cycle.
The partnership announcement, however, sparked debate within the crypto community. Some traders speculated that Spacecoin—trading under the ticker SPACE—may be capitalizing on the growing hype surrounding SpaceX’s anticipated IPO. Comparisons were drawn to Virgin Galactic (ticker SPCE), which has periodically experienced speculative activity due to its association with the space sector and name confusion with SpaceX. Spacecoin’s official statement did not address these claims.
Beyond Vietnam, Spacecoin reports that governments and internet providers in Kenya, Nigeria, Indonesia, and Cambodia are already testing its network through orbiting CTC-1 satellites. The Vietnam deal is viewed as the company’s most structured commercial arrangement yet and a potential template for future expansions across Africa and Asia, as demand for decentralized connectivity solutions grows in emerging markets.
