Giorgia Meloni is planning a billion-dollar deal for Elon Musk’s company

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Lerato Khumalo

After meeting with Trump in Florida

Meloni is planning a billion-dollar deal for Elon Musk’s SpaceX

Jan 5, 2025 – 10:21 p.mReading time: 1 min.

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Giorgia Meloni with Elon Musk: The billionaire’s company is expected to bring in more than a billion euros in Italian tax money. (Source: IMAGO/Us Palazzo Chigi/Filippo Attili/imago)

The Italian government plans to purchase communications systems from Elon Musk’s SpaceX for 1.5 billion euros. Shortly before, Prime Minister Giorgia Meloni was with Donald Trump.

According to a media report, Italy wants to acquire a particularly secure communications system worth 1.5 billion euros from tech billionaire Elon Musk’s SpaceX company. Both sides are in advanced talks, Bloomberg News reported on Sunday. A five-year contract is planned; the government in Rome is concerned with secure communication.

Although a final agreement is still pending, the project has already been approved by the Italian secret services and the Ministry of Defense. SpaceX and the Italian Defense Ministry did not immediately respond to requests for comment from Reuters.

According to the report, SpaceX will provide Italy with encryption for telephone and internet services used by the government. Communication services for the Italian military in the Mediterranean and the introduction of satellite services for emergencies such as terrorist attacks or natural disasters are also planned.

Bloomberg reported on the planned billion-dollar deal after Italian Prime Minister Giorgia Meloni met US President Donald Trump on a surprise visit on Sunday. Musk is an ally and close adviser to Trump.