Unit of South Korea's OCI in talks with SpaceX to supply polysilicon, media says (updated)

OCI Holdings

14/04/2026 09:29

Adds analyst comment in paragraph 4, background

SEOUL, April 14 (Reuters) - A Malaysian unit of South Korea's OCI Holdings 010060.KS is in talks with SpaceX to supply polysilicon, a South Korean newspaper said on Tuesday.

OCI TerraSus, a Malaysian unit of OCI Holdings, is in talks with SpaceX for a multi-year supply contract for polysilicon and is discussing detailed terms, South Korea's Maeil Business Newspaper reported, citing unnamed industry sources.

SpaceX did not immediately respond to a request for comment. A spokesperson at OCI Holdings said in a text message he could not confirm the report.

"There would likely be strong incentives to purchase non-Chinese polysilicon to qualify for the Inflation Reduction Act subsidies," said Cho Hyun-Ryul, an analyst at Samsung Securities, adding that polysilicon would be used in solar-module cells to power SpaceX data centers and satellites.

In January,
SpaceX
 said it plans to launch a constellation of 1 million satellites that will orbit Earth and harness the sun to power AI data centers, according to a filing at the Federal Communications Commission.

 (Reporting by Heejin Kim and Joyce Lee; Additional reporting by Heekyong Yang; Editing by Ed Davies and Louise Heavens)

 ((joyce.lee@tr.com;))