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SpaceX Wins a $70 Million Space Force Contract. What Does This Mean for the Starlink IPO?

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SpaceX Wins a $70 Million Space Force Contract. What Does This Mean for the Starlink IPO?: https://g.foolcdn.com/editorial/images/749679/satellite-with-large-solar-panels-beaming-transmissions-to-earth.jpg

Less than one year ago, SpaceX announced that its Starlink satellite communications network was available for military use. And nine months after Elon Musk began advertising a secured satellite network for government entities, the U.S. Space Force has awarded SpaceX its first Starshield contract, which could be worth anywhere from $15 million to $70 million over the course of a year.

The contract encompasses access to the Starlink network and provision of user terminals, ancillary equipment, network management, and other related services, according to the Space Force.

Image source: Getty Images.

Source Fool.com

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