SpaceX Secures $1.6 Billion Contract with U.S. Space Force for Falcon 9 Missions
Space Exploration Technologies Corp (NASDAQ: SPCX) has secured a $1.6 billion contract from the U.S. Space Force to conduct 18 launches using its Falcon 9 rocket by the end of 2027. The deal, valued at approximately $89 million per launch, is expected to support SpaceX's space launch segment, which generated $4.1 billion in sales and $653 million in EBITDA in 2025. The contract comes amid a challenging period for the company following its record-setting IPO that raised over $85 billion but has since seen shares fall more than 40%. Concerns include high valuation multiples, with the stock trading at around 100 times annual sales, and an upcoming lockup expiration that could increase share supply. SpaceX reported a net loss of $4.9 billion in 2025 despite generating $18.7 billion in revenue.
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