SpaceX has secured a significant financial boost as it prepares for what is projected to be the largest initial public offering in history. The U.S. Space Force recently awarded the aerospace company two major contracts totaling $6.45 billion, further cementing its role as a primary partner for federal defense and communications initiatives.

The largest portion of this funding, valued at $4.16 billion, is designated for the development of satellites intended for a new missile and air defense system. This follows an earlier agreement finalized this week worth $2.29 billion, which tasks the company with constructing a specialized communications network in low Earth orbit.

These recent awards highlight the company’s deep integration with government operations. According to recent IPO filings, approximately 20% of the company’s total revenue in 2025 was derived from government contracts. While the firm has established itself as a dominant force in the launch market over the past decade, it has also cautioned potential investors that its financial performance remains sensitive to shifts in federal policy, funding priorities, and regulatory mandates.