The Indonesian satellite market underwent a seismic shift following the 2020 malfunction of a Chinese rocket, which destroyed Indonesia’s $220 million Nusantara-2 satellite. This incident not only derailed Jakarta’s communication network plans but also paved the way for Elon Musk’s SpaceX to challenge China’s dominance in the region. The Rise of SpaceX in Indonesia:Elon Musk’s SpaceX emerged as a formidable competitor to China Great Wall Industry Corp (CGWIC) in Indonesia’s satellite market.…