Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches

Space Force awards .5 billion in rocket contracts to SpaceX and ULA for 21 launches


A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, U.S., November 1, 2022.

Steve Nesius | Reuters

The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the military branch told CNBC.

Space Force’s Space Systems Command on Tuesday announced the mission assignments, which represent the last round of orders under a multi-year program called National Security Space Launch (NSSL) Phase 2.

The final batch of assignments were split almost evenly, according to Col. Doug Pentecost, the deputy program executive officer of the Space Force’s Space Systems Command: ULA received 11 missions, valued at $1.3 billion, and SpaceX received 10 missions, valued at $1.23 billion.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

Space Systems Command said the missions are scheduled to launch over the next two to three years. ULA, a joint venture of Boeing and Lockheed Martin, will use its soon-to-debut Vulcan rocket for the 11 missions, while SpaceX will fly seven missions with its Falcon 9 rocket and three missions with its Falcon Heavy rocket.

SpaceX adds market share

The Falcon Heavy rocket for the USSF-44 mission rolls out to the launchpad on Oct. 31, 2022.

SpaceX

Space Force expanded the NSSL Phase 2 program significantly since naming SpaceX and ULA as its two launch providers in 2020.

Originally, Phase 2 was to consist of 34 missions. Space Force had previously announced that of mission assignments, 60% would go to ULA and 40% to SpaceX.

But increased demand for national security launches grew Phase 2, and Space Force has assigned 48 missions over the course of the program. In the end, Phase 2 was closer to an even split, with Elon Musk’s company receiving contracts for 22 missions to ULA’s 26 missions – or 46% share to 54%.

Pentecost said in a statement to CNBC that Space Force assigned more missions to SpaceX than previously expected “based on the Government assessment of readiness.”

“It is imperative to rapidly deliver critical space capabilities to the Joint Warfighter as soon as they are ready to be launched – we cannot leave capability sitting on the ground,” he said.

SpaceX’s Falcon 9 and Falcon Heavy rockets are operational and certified to fly national security launches, while ULA’s Vulcan has yet to launch to orbit and receive Space Force certification.

The final Phase 2 assignments come as Space Force prepares to ramp up the NSSL program even further with Phase 3. The military agency this year kicked off the process to buy an estimated 90 launches in the next round.

Pentecost’s division will soon begin the process of reviewing companies’ Phase 3 bids and expects to announce the winners next October.



Source

Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels
Business

Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels

When wildlife TV personality Forrest Galante sat down for his monthly call with YouTube consultant Paddy Galloway, he received some bad news. No more turtles. Galante has 2.5 million YouTube subscribers. He’s been producing wildlife programming for more than a decade, including a docuseries on Animal Planet and a show on the History Channel. He […]

Read More
Target is trying to win back busy families from Walmart, starting with the baby aisle
Business

Target is trying to win back busy families from Walmart, starting with the baby aisle

CLIFTON, New Jersey — Along with aisles of diapers and colorful onesies, Target shoppers in some of the retailer’s big-box stores can now find baby brands typically carried by specialty boutiques. Shoppers can see, feel and test strollers, car seats and high chairs outside of cardboard boxes at about 200 stores, or roughly 10% of […]

Read More
Why one of the nation’s largest auto lenders isn’t worried about high vehicle prices or ‘forever loans’
Business

Why one of the nation’s largest auto lenders isn’t worried about high vehicle prices or ‘forever loans’

Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images The head of one of the nation’s largest auto finance lenders isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to longer loans on vehicle purchases. His main reasoning? […]

Read More