SpaceX secured a $4.16 billion contract from the U.S. Space Force on May 30 for a space-based airborne moving target indication project. This adds specificity to earlier reporting that linked the award to U.S. military tracking and surveillance efforts, including the Golden Dome system. The new report also notes that Elon Musk denied claims circulating on X that SpaceX had lowered its IPO valuation target to at least $1.8 trillion from a previously reported $2 trillion.