SpaceX secures $5.9B contract with the US government
ALBAWABA - Space Exploration Technologies Corp., known as SpaceX, the American aerospace company founded by Elon Musk, has secured a contract with the US government valued at approximately $5.9 billion. Also Read SpaceX's Starship explodes during test launch SpaceX and the US government sign contract
The renowned American aerospace company SpaceX, owned by billionaire Elon Musk, has announced that it has received a multibillion-dollar contract from the US government. Under the new agreement, SpaceX will use its rockets to launch military satellites into space. The total value of the contract is approximately $5.9 billion, according to the United States (US) Space Force.
Notably, United Launch Alliance (ULA), the American launch service provider and joint venture between Lockheed Martin Space and Boeing Defense, Space & Security, also secured a contract valued at approximately $5.4 billion. Meanwhile, Blue Origin, owned by Amazon founder Jeff Bezos, received a $2.4 billion contract.
As per the new contract with the US government, SpaceX will launch about 28 missions between 2025 and 2029. (Shutterstock) SpaceX scope
As per the new contract with the US government, SpaceX will launch about 28 missions between 2025 and 2029.Brig. Gen. Kristin Panzenhagen, Program Executive Officer for Assured Access to Space, stated: 'Today's award culminates nearly three years of government and industry partnership to increase launch resiliency and capacity. The result is assured access to space for our national security missions, which increases the military's readiness.'
It is worth noting that SpaceX dominates much of the commercial spaceflight sector in the United States. This aligns with Elon Musk's new role within President Donald Trump's team, where he is tasked with helping to limit the US government's spending, including military expenses. Also Read Musk launches Starlink service in Oman
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