In a single week, SpaceX secured two major contracts from the U.S. Space Force totaling $6.45 billion. The largest of the two is for the development of satellites for a missile defense system. Both deals were signed ahead of the company’s anticipated IPO.
“Golden Dome”
The U.S. Space Force has announced that it is awarding SpaceX $4.16 billion to develop satellites. These satellites will be part of a missile and air defense system that President Trump has dubbed the “Golden Dome.”
The new contract was announced immediately after the $2.29 billion deal. It involves the creation of a military communications network in low Earth orbit. Both deals were signed on the eve of SpaceX’s initial public offering.
Dependence on the state
Last week, the company filed documents for its initial public offering (IPO). The documents indicate that one in five dollars of SpaceX’s revenue in 2025 came from government entities.
Since companies are required to warn investors about risks, SpaceX has also highlighted them. One of the key risks is a potential reduction in government contracts due to changes in priorities, regulatory requirements, or funding levels.
Musk and Trump
Elon Musk has invested approximately $300 million in Donald Trump’s election campaign and remains close to the president. Meanwhile, SpaceX has dominated the commercial space launch market for over a decade.
The federal government has repeatedly chosen SpaceX for major contracts, although the reasons for this choice are unclear. The company’s IPO is expected to be the largest in stock market history.
According to techcrunch.com
