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June 9, 2025

SpaceX revenue hits $11.8 billion with $537 million Pentagon deal

Breaking Defense
The War Zone
Spacenews
Reuters
Unshin Harpley
+3

SpaceX projects $11.8 billion revenue with growing military surveillance contracts.

In 2024, SpaceX launches accounted for 84% of all satellites put into orbit, underscoring its dominant role in access to space. (Source: War Zone; Texas Standard; SpaceNews)

SpaceX is projected to generate $11.8 billion in revenue in 2025, driven in part by military and intelligence contracts. (Source: SpaceNews)

As of mid-2025, at least 118 Starshield satellites have been launched to form part of SpaceX’s classified military constellation. (Source: Wikipedia; Reuters; Breaking Defense)

The Space Force’s Proliferated Low Earth Orbit Satellite-Based Services program carries a contract ceiling of $13 billion over 10 years, under which SpaceX has received major task orders. (Source: Wikipedia; Breaking Defense; Air & Space Forces)

The classified MILNET contract with SpaceX is funded by the U.S. Space Force but managed by the National Reconnaissance Office, creating a dual-use military-intelligence network. (Source: Breaking Defense; Reuters; Wikipedia)

Ukrainian military forces use Starlink satellites to connect and coordinate combat drones, naval drones, and artillery fire control systems. (Source: Wikipedia; War Zone; SpaceNews)

SpaceX and Elon Musk have faced criticism for at times limiting Ukrainian military use of Starlink during operations, raising concerns about private control over critical communications. (Source: Air & Space Forces; Wikipedia; War Zone)

SpaceX’s commercial Starlink constellation is integrated with the classified Starshield program, creating dual-use infrastructure where consumer service subsidizes and conceals military surveillance capabilities. (Source: Reuters; Wikipedia; War Zone)

Northrop Grumman partnered with SpaceX on the classified spy satellite network to avoid sole reliance on a single commercial provider. (Source: Wikipedia; Reuters; War Zone)

SpaceX has stated it remains in full compliance with U.S. export controls and defense contract requirements—including Taiwan-related restrictions—after congressional inquiries. (Source: Wikipedia; War Zone; Breaking Defense)

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What you can do

1

Track space-related and defense spending legislation on congress.gov to stay informed about proposed bills and budget allocations.

2

Use USAspending.gov to review detailed award data and spending on DOD and NRO satellite contracts.

3

Contact your representatives to ask for increased congressional oversight of dual-use satellite infrastructures and private sector military partnerships.

4

Consult the Federal Communications Commission’s satellite policy pages (fcc.gov) to learn about regulatory frameworks for commercial operators.

5

Review Government Accountability Office reports (gao.gov) on military space acquisitions for independent analysis and audit findings.

6

Monitor real-time orbital deployments and space-debris data via the U.S. Space Force Space-Track portal (space-track.org) to understand constellation growth.