According to Reuters, the U.S. Space Force announced on May 29 that it awarded SpaceX a contract worth $4.16 billion for the “Space-Based Advanced Moving Target Indicator” (SB-AMTI) program, which integrates space-based sensors, secure communication links, and ground processing systems to track and lock onto airborne threats, including missiles. The Space Force said the SB-AMTI supplier pool includes multiple companies, and multiple contracts will be awarded over the next year. The initial constellation is expected to be deployed by 2028, providing early capabilities for joint combat forces to eliminate operational blind spots. Earlier this week, the Space Force awarded SpaceX another contract worth $2.29 billion to build a secure high-speed satellite communications network connecting global military sensors and weapon platforms, bringing the total value of the two contracts to over $6.4 billion.
The SB-AMTI program is part of the Trump administration’s flagship missile defense project “Golden Dome” — the Golden Dome plan aims to expand ground-based interceptors, sensors, and command systems, and add space-based satellites to detect, track, and even counter airborne threats, including orbital weapon capabilities still under discussion. Both contracts were awarded at a critical juncture as SpaceX advances toward an IPO — the company’s roadshow is expected to start as early as June 4, with a target valuation of over $1.75 trillion. The large-scale government contracts not only directly boost revenue expectations but also provide strong validation for SpaceX’s defense business narrative.