SpaceX, an American spacecraft manufacturer, founded in 2002 by Elon Musk, has been awarded its first contract by from the US Space Force “to provide customized satellite communications for the military under the company’s new Starshield program,” writes Anthony Capaccio for Bloomberg. Musk’s space company is competing with 15 companies, including Viasat (VSAT) “for $900M in work orders through the Space Force’s “Proliferated Low Earth Orbit” program, noted Bloomberg. Publicly traded companies in the space include: Virgin Galactic (SPCE), Rocket Lab (RKLB), Aerojet Rocketdyne (AJRD), Maxar Technologies (MAXR) and EchoStar (SATS).
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPCE:
- Short Report: Bears pounce on EV charging names EVgo, Blink Charging
- Virgin Galactic (NYSE: SPCE) Announces Next Spaceflight Date Amid Investor Concerns
- Why Is Penny Stock Virgin Galactic (NYSE:SPCE) Trending Lower?
- Virgin Galactic says ‘Galactic 04’ flight window will open October 5
- Virgin Galactic confirms completion of second private astronaut flight