SpaceX’s $1.8-Billion Contract With Pentagon: Is Elon Musk Playing A Role In US National Security?

by

in

SpaceX, a privately-held designer and manufacturer of rockets, is more than just a NASA contractor.

The Elon Musk-led company is gaining ground as a major defense contractor, strengthening its ties with military and intelligence agencies, according to the Wall Street Journal.

The Hawthorne, California-based company — which successfully launched 96 rockets in 2023 — entered a classified contract with the U.S. government in 2021 worth $1.8 billion.

Read Also: Seeking Exposure to SpaceX’s Growth? Here’s How to Use This REIT Hack

The agency that took the contract remains undisclosed. However, it’s not the first time SpaceX signed a contract with the U.S.

In September, the Pentagon signed a $70 million contract with the company’s secretive Starshield arm. Starshield provides communication services from SpaceX’s Starlink internet network for “national security purposes.”

The company’s Starlink arm functions as a satellite internet …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *