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Several South Korean media outlets have reported that Malaysia’s OCI TerraSus, a subsidiary of South Korean polysilicon maker OCI Holdings, is in talks with SpaceX for a multi-year polysilicon supply contract, citing industry sources.
A spokesperson for OCI Holdings said this pv magazine the company is “unable to comment or provide further details at this stage” on rumors surrounding the polysilicon supply deal.
The specified contract is worth approximately KRW 1 trillion ($678.6 million) and is expected to last three to five years, according to reports from the Seoul Economic Journal. The paper adds that contract volume is estimated to account for about half of the company’s total production capacity.
Last month, OCI TerraSus launched a $125 million A loan from the International Finance Corporation for a semiconductor-grade polysilicon manufacturing facility in Sarawak, Malaysia, announced as the first of its kind in Southeast Asia.
A potential supply deal between the two companies would indicate SpaceX is looking to use polysilicon produced outside China, with potential to qualify for Inflation Reduction Act subsidies amid ongoing supply chain restructuring.
SpaceX is reported to be exploring the deployment of solar-powered satellites and other space infrastructure aimed at powering AI data centers and other space-based systems. Speaking at the World Economic Forum in January, SpaceX CEO Elon Musk said that full deployment of space-based solar energy to power AI data centers will be possible in two to three years.
Additionally, Tesla recently made progress on its plan to deploy 100 GW of solar energy production on US soil before the end of 2028.
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