JavaScript Required

Jumpseat Aerospace News requires JavaScript to function. Please enable JavaScript in your browser settings to continue.

SpaceX Lands $4 Billion Deal Before IPO

November 15, 2023

1 min read

Key Takeaways

SpaceX lands $4.16 billion US Space Force contract.
Contract is for a network of satellites to track moving targets.
Deal announced just before SpaceX's IPO.
SpaceX to start trading on Nasdaq in mid-June.

Silver membership required Upgrade to Silver to access Key Takeaways.

Upgrade

Strategic Implications

This deal may indicate a significant shift in SpaceX's revenue mix, with government contracts providing a steady income stream. The timing of the announcement suggests it could boost investor confidence in the company's IPO, which could have implications for the broader space industry and its investors.

Silver membership required Upgrade to Silver to access Strategic Implications.

Upgrade

What Happened

Rocket Company Secures Major US Space Force Contract

SpaceX has secured a $4.16 billion contract from the US Space Force to build a network of satellites that can spot and track moving targets in the air. The deal, announced just before SpaceX’s highly anticipated IPO, may provide a significant boost to the company’s revenue and could impact investor confidence in the offering. According to TheStreet, the contract is part of the Space-Based Airborne Moving Target Indicator program and is expected to field an initial constellation by 2028.

Source

Companies Mentioned