SpaceX awarded $6.45B in Space Force contracts ahead of IPO
SpaceX has been awarded $6.45 billion in contracts from the U.S. Space Force ahead of its anticipated IPO. The contracts include $4.16 billion for satellite construction and $2.29 billion for a communications network. This funding highlights SpaceX's reliance on government contracts, which accounted for a significant portion of its revenue in 2025.
- ▪SpaceX received $4.16 billion from the U.S. Space Force for satellite construction.
- ▪The company was also awarded a separate contract worth $2.29 billion for a communications network.
- ▪One fifth of SpaceX's revenue in 2025 came from government contracts.
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In Brief Posted: 3:21 PM PDT · May 29, 2026 Image Credits:SpaceX (opens in a new window) Sean O'Kane 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.
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