Latin Meaning: The name Vega is a Latin baby name. In Latin the meaning of the name Vega is: Star. Swedish Meaning: The name Vega is a Swedish baby name.In Swedish the meaning of the name Vega is: Star. Arabic Meaning: The name Vega is an Arabic baby name. In Arabic the meaning of the name Vega is: Falling.wedish Meaning: The name Vega is a Swedish baby name. In Swedish the meaning of the name Vega is: Star. Arabic Meaning: The name Vega is an Arabic baby name. In Arabic the meaning of the name Vega is: Falling.