SpaceX is headed toward what’s expected to be the largest IPO ever next month, and now it has received a major boost from the Trump administration.
On Friday, the U.S. Space Force announced it’s giving SpaceX $4.16 billion as part of a contract to build satellites that will be part of a missile and air defense system that President Trump is calling the “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 a disclosure that 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 came from government agencies.
Musk poured around $300 million into helping elect Trump, and has remained close with the president. But SpaceX has also dominated the launch market over the last decade; it’s not surprising the federal government keeps turning towards SpaceX for contracts like these. Still, the company warned investors in its IPO filing that its “business with governmental entities is subject to changes in policies, priorities, regulations, mandates, and
funding levels.”
