SpaceX awarded $6.45B in Space Force contracts ahead of IPO

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In a significant boost to its burgeoning stock market debut, SpaceX has been awarded $6.45 billion in contracts by the U.S. Space Force. The massive deal comes as the Elon Musk-led company prepares to go public in what is expected to be the largest initial public offering in history.

The Space Force announced on Friday that it will award SpaceX $4.16 billion to build satellites for a missile and air defense system dubbed the "Golden Dome" by President Trump. This contract comes on the heels of a separate $2.29 billion deal earlier this week, which involves SpaceX developing a communications network in low Earth orbit. The contracts highlight SpaceX's reliance on government business, as disclosed in its IPO filing made public last week.

According to the filing, government agencies accounted for one-fifth of SpaceX's revenue in 2025. Musk's close relationship with Trump, whom he supported with a $300 million donation during the 2016 election, may have also played a role in securing these lucrative deals. Despite its success in dominating the launch market over the past decade, SpaceX warned investors in its IPO filing that its government business is subject to fluctuations in policy, priorities, regulations, and funding levels.

As the company prepares to enter the public markets, it will need to navigate these risks while capitalizing on its momentum. The Trump administration's largesse toward SpaceX is a notable development as the company readies its IPO, which could make history as the largest ever. With these contracts, SpaceX has secured a significant vote of confidence from the federal government, even as it prepares to take on new scrutiny as a publicly traded company.