SpaceX is on the verge of what is anticipated to be the largest IPO in history next month, and it has recently received significant support from the Trump administration.

On Friday, the U.S. Space Force revealed it is allocating $4.16 billion to SpaceX as part of a contract for the construction of satellites that will be integrated into a missile and air defense system referred to by President Trump as the “Golden Dome.”

This announcement comes after a different contract awarded to Elon Musk’s firm earlier this week, valued at $2.29 billion. This agreement pertains to SpaceX creating a communications network in low-Earth orbit.

The contracts highlight a revelation outlined in SpaceX’s IPO submission made public last week: the company relies significantly on government contracts. In 2025, one fifth of SpaceX’s income was derived from government agencies.

Musk invested approximately $300 million to support Trump’s election and has maintained a close relationship with the president. However, SpaceX has also ruled the launch sector in the past decade; thus, it is not surprising that the federal government continues to look to SpaceX for such contracts. Nevertheless, the company cautioned investors in its IPO submission that its “business with governmental entities is subject to shifts in policies, priorities, regulations, mandates, and
funding levels.”