SpaceX Negotiates Long-Term Polysilicon Supply Agreement with OCI's Malaysian Unit
SpaceX is in negotiations with OCI TerraSus for a multi-year polysilicon supply agreement, aligning with U.S. subsidy requirements. This partnership could enhance SpaceX's capabilities in solar energy for its satellite and data center infrastructure.
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SpaceX is exploring a multi-year supply contract with OCI TerraSus, the Malaysian subsidiary of OCI Holdings, for polysilicon delivery. This potential agreement aligns with U.S. regulations under the Inflation Reduction Act, incentivizing the purchase of non-Chinese polysilicon.
The material is essential for solar modules, which could power SpaceX's satellite systems and data centers. If finalized, this contract would support SpaceX's ambitious plans to establish a satellite constellation of up to 1 million satellites, significantly increasing the demand for solar-related materials. The lack of confirmation from either party regarding the negotiations introduces uncertainty about the timeline for any agreement.
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