SpaceX Lands Major Defense Deal as Space Economy Rockets Toward Trillions
Apr/04/2025
SpaceX, led by Elon Musk—a key adviser to former President Donald Trump—secured a $5.9 billion Pentagon contract, underscoring the company’s dominance in America’s strategic ambitions beyond Earth’s atmosphere. Announced by the U.S. Army Space Forces, this substantial award tasks SpaceX with delivering military satellites into orbit, alongside rivals United Launch Services (a Lockheed Martin-Boeing joint venture) and Jeff Bezos’s Blue Origin, which secured contracts worth $5.4 billion and $2.4 billion respectively. This initiative, spanning 54 missions by 2029, highlights an accelerating race for commercial and military control of space, driven by robust economic growth projected to triple the global space market to $1.8 trillion by 2035. With over 68% of the world’s active satellites currently owned by the U.S. and private entities like SpaceX and OneWeb spearheading deployments, space has transitioned from scientific frontier to lucrative investment sphere, fueling intensified governmental and entrepreneurial competition for cosmic supremacy. Reflecting this expansion, trademark publications related to aerospace have surged significantly in the U.S. between 2020 and 2024, further signaling the sector’s rapid growth and investor confidence.
