The U.S. Space Force awarded SpaceX a $2.29 billion contract to build a military satellite network. The project supports global communications and the Golden Dome missile defense initiative.
SpaceX will develop a constellation of hundreds of low-Earth orbit satellites using its secured Starshield platform. An operational prototype is scheduled for delivery by the end of next year.
This agreement represents the largest known military satellite contract for the company. It arrives weeks before a planned initial public offering, driving significant investor inflows into space-themed ETFs.
The deal validates the increasing reliance on commercial providers for national security infrastructure. This shift directly benefits the broader space exploration and defense ecosystem.