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Fortune
Fortune
Ryan Hogg

Elon Musk eyes €1.5B Italy SpaceX deal after confidante Giorgia Meloni visits Trump

Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. SpaceX’s billionaire owner, Elon Musk, a Trump confidante, has been tapped to lead the new Department of Government Efficiency alongside former presidential candidate Vivek Ramaswamy. (Credit: Brandon Bell—Getty Images)

Elon Musk is close to further solidifying his ties with Europe’s right-wing political class as his SpaceX group nears a historic deal with the Italian government to provide security services to the public sector, just as Prime Minister Giorgia Meloni made a surprise visit to Donald Trump’s Florida residence. 

SpaceX is in advanced talks with the Italian government to supply top-level encryption for telephone and internet services used by the government, Bloomberg reported, citing people familiar with the matter. The deal, which is valued at €1.5 billion, has reportedly already been approved by Italy’s intelligence services and its Defense Ministry.

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