# The U.S. Space Force has granted SpaceX a contract worth $2.29 billion to fortify military communications globally.

*aerospace, business · news · 2026-05-27 · Devdiscourse*

## Key points

- The U.S. Space Force awarded SpaceX a $2.29 billion contract for a global Space Data Network.
- NASA has selected Blue Origin and others to deploy robotic equipment for lunar missions.
- New analysis reveals high-valued IPOs like SpaceX's often underperform investor expectations historically.
- Telesat is negotiating satellite communication agreements with Italy in a sensitive transatlantic tech environment.

In a significant leap for the space industry, the U.S. Space Force has granted SpaceX a contract worth $2.29 billion to fortify military communications globally. This initiative aims to create a robust Space Data Network offering high-capacity, low-latency data transfer for defense purposes. Meanwhile, NASA has enlisted companies including Blue Origin for upcoming lunar missions, with contracts awarded for deploying robotic equipment on the moon. This marks a strategic effort to enhance lunar exploration infrastructure with investments in advanced landers, rovers, and drones. As anticipation mounts for SpaceX’s market debut, a fresh analysis highlights that historically, many high-valued IPOs haven’t yielded the expected investor returns. Lastly, Canada’s Telesat is in talks with Italy to secure satellite communications deals, amidst a delicate transatlantic tech landscape. (With inputs from agencies.)

**Companies:** SpaceX, Blue Origin
**Countries:** United States, Canada, Italy

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/science-environment/3923060-space-contracts-and-market-movements-a-cosmic-business-surge)

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