SpaceX awarded $4.16 billion deal for program to sense and track airborne targets.

The US Space Force said on Friday it ‌has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion ⁠deal for a program designed to sense and track airborne targets from space. The ‌Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as ‌an interconnected system-of-systems, combining space-based ‌sensors, ⁠secure communications links and ⁠ground processing to drive closer cooperation across the government space industrial base. The Space Force said there ‌are several companies in this SB-AMTI vendor pool, including SpaceX, and it will issue multiple awards ‌in the coming year. "This initial award is projected to field a constellation ⁠of satellites by 2028, providing the Joint Force with an ‌early capability to eliminate operational blind spots," it said in a statement. SpaceX, which unveiled its plans for an initial public offering earlier this month, is ‌targeting a valuation of more than $1.75 trillion. Earlier this week, the Space Force awarded SpaceX a $2.29 billion ⁠contract to build a secure, ⁠high-speed satellite communications network to connect military sensors and ‌weapons platforms across the globe. Published on May 30, 2026

ALSO REPORTED BY · 1 SOURCE

Future spacecraft could use a single propellant to perform both rapid movements and slow, highly controlled adjustments.

The S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded.

Alphabet entered a cloud service agreement with SpaceX to pay $920 million per month for 200 megawatts of capacity from October 2026 through June 2029.