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Elon Musk spent just shy of $300 million supporting Donald Trump’s reelection in late 2024 — a full-throated financial commitment that appears to be paying off in a big way.
Musk’s space company SpaceX, in particular, has massively benefited from the duo’s on-and-off-again relationship, scoring billion-dollar deals with the government.
Most recently, Reuters reports, SpaceX was awarded a $4.16 billion contract with the US Space Force to develop detection satellites that can track and target airborne threats. Just days earlier, the military arm awarded the company a separate contract, worth $2.29 billion, to build a military communications network in low-Earth orbit to support ground-based operations.
Besides the impossible-to-overlook role of Trump and Musk’s cozy relationship, the timing of the announcement will raise plenty of eyebrows. SpaceX is expected to go public soon at a valuation of north of $1.75 trillion, a blockbuster IPO that could directly benefit from a government partner signing a flashy contract.
The latest threat detection contract is part of the Trump administration’s so-called Golden Dome missile defense system. While plenty of fundamental questions remain over its design, the network could cost well over $1 trillion to build out, according to experts, which would be far than the White House has estimated.
The threat detection satellite contract, called the Space-Based Advanced Moving Target Indicator, will see SpaceX develop what Reuters likens to an “interconnected system-of-systems” that collects and analyzes data from a host of different sources, from space-based sensors, to secure communication links.
Zooming out, cushy government contracts have long played a key role in the flourishing and very survival of Musk’s space venture. According to an analysis by the Washington Post last year, SpaceX had received $38 billion in government contracts, loans, subsidies, and tax credits, as of February 2025.
Given their budding relationship and the latest multibillion-dollar contracts, that number has already grown substantially — and will very likely continue to grow, especially as SpaceX looks to go public.
The company is also set to play a key role in the Trump administration’s efforts to return astronauts to the surface of the Moon, and was awarded a $2.9 billion contract in 2021 to build the requisite lunar lander.
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