Elon Musk’s SpaceX wins $130 million Air Force contract

Published June 22, 2018 2:05pm ET



The U.S. Air Force awarded Elon Musk’s SpaceX a $130 million contract for a future satellite launch, the first major classified deal for the company’s Falcon Heavy rocket.

SpaceX will help to launch the Air Force Space Command (AFSPC)-52 satellite set to launch in fiscal year 2020 from the Kennedy Space Center in Florida. The Hawthorne, Calif.-based company will provide “launch vehicle production, mission integration and launch operations,” the Air Force said in a statement.

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