SpaceX Just Inked a New $1.6 Billion Deal With Space Force. Here's What it Means for Investors
SpaceX just locked in $1.6 billion in new government business -- but is that enough to turn the tide for a stock that's down over 40% from its post-IPO peak?
Overview
Space Exploration Technologies Corp. (NASDAQ:SPCX) won a $1.6 billion contract from the U.S. Space Force to fly 18 missions with Falcon 9, the company’s current workhorse rocket. The flights are scheduled to finish by the end of 2027.
The total award comes out to roughly $89 million per launch and will help bolster the company’s space launch segment, which reported $4.1 billion in sales in 2025.
Details
The unit generated $653 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) -- a rough stand-in for operating profit -- in the same year, carrying 2,213 metric tons into orbit.
Source
Originally published at www.fool.com.