SpaceX Lands $6B+ Pentagon Missile Defense Award, Signs Qualcomm 5G Pact
SPCX sits 28% above its 52-week low of $104.83.
Summary
The Pentagon awarded SpaceX more than $6 billion for the missile defense program — a fresh government win on top of the 91% year-over-year jump in Starlink and government revenue reported in Q3. SpaceX also signed a multiyear Qualcomm deal to supply cellular platforms for Starlink Mobile's planned U.S. 5G network, with deployment starting in 2027; financial terms weren't disclosed. On the AI side, the company agreed to lease chips and servers from an Apollo Global Management affiliate with roughly $40 billion in principal payments, delivery in the first half of 2027, and it targets 3 GW of data-center capacity by year-end versus 1.7 GW in September, rising to 13 GW next year. The financing is already drawing scrutiny: Goldman Sachs and Apollo are shopping parts of the $40 billion chip financing, and shares fell nearly 4% Wednesday to $135.92. ARK bought 348,406 shares worth about $47.4 million, and SpaceX separately agreed to acquire Grain Management's 800 MHz spectrum portfolio. The Qualcomm deployment in 2027 and the chip deliveries in the first half of 2027 are the milestones that will show whether the AI buildout stays on schedule.
At the time of this announcement, SPCX was trading at $134.08 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.