After spending the week begging Trump to cancel tariffs, Elon Musk’s SpaceX secures a massive $5.9 billion U.S. military satellite contract.
Elon Musk’s SpaceX has secured a monumental $5.9 billion government contract to launch military satellites.
This move solidifies the company’s growing dominance in national defense and space operations.
The US government awards spacex a multibillion-dollar contract to bolster national security
In a major move underscoring the critical role of private companies in space, the U.S. government has awarded Elon Musk’s SpaceX a $5.9 billion contract.
The deal will fund the launch of military satellites over the next four years.
The deal, confirmed by the U.S. Space Force, is part of a broader strategy to ensure secure and reliable access to space for national defense purposes.
According to official statements, the contract is designed to support 54 satellite missions by 2029.
SpaceX will be responsible for 28 of those launches, accounting for more than half of the total operations.
Additionally, this positions SpaceX as the lead private contractor in the government’s latest round of satellite deployment.
Space X strengthens its leadership role in America’s aerospace
SpaceX’s rapid ascent in the aerospace industry has been marked by landmark collaborations with NASA and various arms of the federal government.
SpaceX has played a key role in launching astronauts into orbit and recovering stranded crew members like Suni Williams and Butch Wilmore.
While, the company continues to prove itself on high-stakes missions.
Most recently, it was selected to handle the eventual decommissioning of the International Space Station.
Elon Musk has publicly expressed interest in speeding up the process, despite concerns from prominent astronauts who support a more cautious timeline.
These contracts have helped SpaceX become the most valuable private company in the world. ‘
The new military satellite contract only deepens its influence on U.S. space policy.
While Space X received the largest portion of the contract, the government also awarded significant funding to other major industry players.
Lockheed Martin and Boeing’s United Launch Services also received $5.4 billion, while Jeff Bezos’ Blue Originsecured $2.4 billion for their roles in the satellite program.
Previously, Musk reported spent the week begg Trump to cancal tariff
Despite the scale of SpaceX’s achievements, Musk’s current government rol has prompted concerns about potential conflicts of interest.
US president Donal Trump has publicly denied any wrongdoing, stating that Musk does not personally profit from his position.
However, Elon Musk expected to step down from his government role soon, the debate over ethical boundaries between public service and private enterprise continues.
Musk not only sparked potential conflicts at SpaceX, but he also reportedly spent the week begging Trump to cancel tariffs after Tesla stock declined.
Musk is said to have made personal appeals to the president.
However, as Elon Musk stepped down from the Department of Government Efficiency (DOGE), his plea was ignored by Trump. Despite Musk’s lobbying, Trump refused to budge.
Previoysly, China is Tesla’s second-largest market after the U.S.. Additional trade restrictions could severely limit the company’s growth and profitability in the region.
Tesla’s stock, once the most valuable in the automotive sector, suffered a sharp blow.
On Monday, the company’s shares plummeted over 10% when markets opened, later recovering slightly but still closing 4–5% down.
Additionally, the drop brought Tesla’s valuation below the $233.29 mark after Trump’s tariffs.