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SpaceX wins $2.3B US Space Force contract to build military satellite network

Market News
27 May 2026
Proactive Investors
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Bullish
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SpaceX has secured a $2.29 billion contract from the US Space Force to develop the Space Data Network Backbone, a low-Earth orbit satellite system for secure, high-speed military communications. This network will enhance real-time data sharing for missile tracking and defense, forming a key part of the Pentagon’s missile defense architecture. SpaceX must deliver a working prototype by the end of 2027, supporting global connectivity for US military operations.

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