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Industry

SpaceX wins $2.29 billion U.S. Space Force military satellite network contract

SpaceX has won a $2.29 billion contract from the U.S. Space Force to build a military satellite communications network, with a working prototype required by the end of 2027. The project aims to create a space data network backbone using low-Earth-orbit satellites and optical links to speed up and harden U.S. military communications. The effort is linked to Pentagon modernisation plans and the Golden Dome defence structure.

Industry

Anduril valuation doubles to $61 billion ahead of IPO after $5 billion funding

U.S. defence technology startup Anduril has raised $5 billion, lifting its valuation to $61 billion, double its previous $30.5 billion, as it approaches an initial public offering. The funding round was led by Thrive Capital and Andreessen Horowitz. Anduril plans to spend the proceeds on manufacturing, research and infrastructure. CEO Brian Schimpf said the company will invest aggressively to expand defence system production for the United States.

Telecommunications & Media

U.S. Pentagon drops OCX GPS ground control programme after 16 years

The U.S. Defense Department has formally halted OCX, a next-generation ground control system for the U.S. military’s GPS satellite network, after years of technical problems and cost and schedule overruns. The programme, awarded in 2010 to Raytheon, now RTX, was initially expected to cost $3.7 billion and finish in 2016, but government spending rose to about $6.27 billion and total completion was estimated near $8 billion. The U.S. Space Force will instead upgrade the existing GPS control system.