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SpaceX Seeks Equity-Equivalent Program for Africa Telecom Operations
18 Aug
Summary
- SpaceX asks South Africa to allow equity-equivalent program
- Alternative to 30% Black ownership requirement for ICT sector
- SpaceX wants such programs to be industry standard
As of August 18th, 2025, Elon Musk's SpaceX has asked the South African government to consider an alternative to the current Black ownership rules for telecom companies operating in Africa's largest economy. In a letter seen by Bloomberg, SpaceX has requested that it be allowed to operate using an equity-equivalent program instead of the existing 30% Black ownership requirement for businesses in the ICT (Information and Communications Technology) sector.
SpaceX believes that such equity-equivalent programs should become the industry standard, providing an alternative path for companies like itself to participate in the African telecom market. The company argues that this approach would better align with its goals and operations, while still addressing the broader objective of increasing Black economic participation.
The South African government is now evaluating SpaceX's proposal as it looks to balance the need for transformation and inclusive growth in the ICT industry with the practical considerations of enabling foreign investment and technological innovation.
