SpaceX awarded $6.45B in Space Force contracts ahead of IPO
SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration.
On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air defense system that President Trump is calling the “Golden Dome.”
The announcement follows a separate contract the Space Force awarded to Elon Musk’s company earlier this week worth $2.29 billion. That contract involves SpaceX building a communications network in low-Earth orbit.
The contracts reinforce a disclosure that was detailed in SpaceX’s IPO filing made public last week: the company is heavily dependent on government contracts. One fifth of SpaceX’s revenue in 2025 came from government agencies.
Musk poured around $300 million into helping elect Trump, and has remained close with the president. But SpaceX has...
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