SpaceX is headed for its biggest IPO ever next month, and now it’s got a big boost from the Trump administration.
US Space Force on Friday announced It is giving SpaceX $4.16 billion under a contract to build the satellite that will be part of the missile and air defense system President Trump is calling “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.
The contracts reinforce what was detailed in SpaceX’s IPO filing made public last week: The company is heavily dependent on government contracts. One-fifth of SpaceX’s revenue in 2025 comes from government agencies.
Musk spent about $300 million to help elect Trump and remains close to the president. But over the past decade, SpaceX has also dominated the launch market; It’s not surprising that the federal government continues to turn to SpaceX for contracts like this. Still, the company warned investors in its IPO filing that “its business with government entities is subject to policies, priorities, regulations, mandates, and changes.”
Funding levels.”
