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SpaceX's Government Windfall Tells You More About the IPO Than the Prospectus Does

6/19/2026

The S-1 is a legal document. The contract awards are the real pitch. In the three weeks before its planned IPO, SpaceX collected two major Space Force contracts in four days. On May 26, the Space Force awarded the company a roughly $2.3 billion deal for the Space Data Network. Th…