business

SpaceX lands $2.29B military satellite deal

SpaceX wins a $2.29B deal for a military satellite network.

Published May 27, 2026 at 9:00am by Brandon Lingle


SpaceX has landed a $2.29 billion contract from the Space Force to build a military satellite network for communications and the “Golden Dome” missile defense system. The contract appears to be the largest military satellite contract to date for Elon Musk’s space firm, and comes weeks before the company is set to go public in what could be the largest-ever initial public offering. Under the deal announced Tuesday, SpaceX will develop a constellation of hundreds of satellites in low-Earth orbit to provide connectivity for data and communications. The program, to be known as the Space Data Network Backbone, will act “as a core communications layer for the Space Force's warfighting systems, ensuring our sensors and shooters are connected continuously, globally and securely,” Space Force Col. Ryan Frazier said in a statement.