SpaceX is headed towards what’s anticipated to be the biggest IPO ever subsequent month, and now it has obtained a significant enhance from the Trump administration.
On Friday, the U.S. Area Power announced it’s giving SpaceX $4.16 billion as a part of a contract to construct satellites that shall be a part of a missile and air protection system that President Trump is looking the “Golden Dome.”
The announcement follows a separate contract the Area Power awarded to Elon Musk’s firm earlier this week price $2.29 billion. That contract includes SpaceX constructing a communications community in low Earth orbit.
The contracts reinforce a disclosure that was detailed in SpaceX’s IPO submitting made public final week: The corporate is closely depending on authorities contracts. One-fifth of SpaceX’s income in 2025 got here from authorities companies.
Musk poured round $300 million into serving to elect Trump and has remained shut with the president. However SpaceX has additionally dominated the launch market during the last decade; it’s not stunning the federal authorities retains turning towards SpaceX for contracts like these. Nonetheless, the corporate warned buyers in its IPO submitting that its “enterprise with governmental entities is topic to modifications in insurance policies, priorities, laws, mandates, and
funding ranges.”
