# Who are SpaceX's customers? Who does SpaceX earn revenue from?
Canonical: https://valuechain.wiki/spacex · Facet: customers · Updated: 2026-10-09T17:24:45.559874+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: SpaceX's confirmed revenue counterparties include 이리듐, 글로벌스타, 새틀로직 plus 16 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 19 revenue edges, backed by 33 dated sources, 6 of them primary filings (as of 2026-10-09).

### 에코스타 (high)  → /echostar.md
- metric: Amount $11B · amended agreement 2025 · Maximum transaction consideration payable in SpaceX Class A common stock
- note: SpaceX agreed to pay EchoStar up to $11 billion of the amended spectrum transaction consideration in its Class A common stock, which would give EchoStar an equity position in SpaceX upon closing.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-02) https://www.sec.gov/Archives/edgar/data/1415404/000110465926021817/tmb-20251231x10k.htm: "Up to $11 billion will be paid in SpaceX Class A common stock."
- [mentions] Associated Press (EN, news, published 2025-09-08) https://apnews.com/article/echostar-spacex-musk-att-fcc-98875d3efa06242b0af80399dd3e0ca8: "The initial agreement included up to $8.5 billion in SpaceX stock."

### 스타링크 가입자·기업 (광대역) (high)
- metric: Revenue $11.4B · FY2025 · Starlink revenue (61% of total)
- note: Starlink sells broadband to consumer, enterprise and government customers across 164 markets over ~9,600 LEO satellites. FY2025 revenue of $11.4 billion (up 48%) is 61% of the company, with subscribers passing 10 million in early 2026.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-06-12) https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm: "We also operate a high-speed, low-latency global broadband data and communications network powered by approximately 9,600 Starlink broadband and mobile satellites in Low-Earth Orbit, delivering connectivity to millions of consumer, enterprise, and government customers across 164 countries, territories, and other markets, as of March 31, 2026."
- [confirms] Money Today (KO, news, published 2026-06-12) https://www.mt.co.kr/world/2026/06/12/2026061217333652639: "SpaceX fixed its IPO price at $135 per share and starts trading on Nasdaq under ticker SPCX; at $75 billion the offering is the largest ever."
- [confirms] NPR (EN, news, published 2026-06-11) https://www.npr.org/2026/06/11/nx-s1-5853199/spacex-ipo-price-elon-musk: "The rocket company raised $75 billion in its initial public stock offering... priced its IPO of 555,555,555 shares at $135 each."

### 미 정부·국방 (NSSL·Starshield) (high)
- metric: Contract value $5.9B · 2027~2032 (28회) · NSSL Phase 3 Lane 2 allocation (Starshield NRO $1.8B separate)
- note: SpaceX won the largest share of US Space Force NSSL Phase 3 Lane 2 (28 missions, up to $5.9 billion) and flew 11 of 12 NSSL missions in 2025; its Starshield unit builds a multi-hundred-satellite LEO reconnaissance network under a $1.8 billion 2021 NRO contract.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-06-12) https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm: "We are the primary launch provider for the U.S. government. In 2025, we launched 11 of 12 National Security Space Launch ("NSSL") medium and heavy lift missions and all five U.S. crew and cargo missions to the International Space Station for NASA."
- [confirms] Spaceflight Now (EN, news, published 2025-04-05) https://spaceflightnow.com/2025/04/05/u-s-space-force-awards-13-7-billion-in-new-national-security-launch-contracts-to-blue-origin-spacex-and-ula/: "SpaceX received the largest share of the National Security Space Launch Phase 3 Lane 2 contracts, valued at up to $5.9 billion for 28 missions between 2027 and 2032."

### NASA (Commercial Crew·CRS·HLS) (high)
- metric: Contract value $2.9B · HLS(2021)+2차 $1.15B(2022) · Artemis Starship HLS contract
- note: SpaceX effectively monopolizes NASA ISS transport, flying all five US crew and cargo missions in 2025, and holds the $2.89 billion Starship HLS Artemis lander contract plus $1.15 billion for a second mission.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-06-12) https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm: "We are the primary launch provider for the U.S. government. In 2025, we launched 11 of 12 National Security Space Launch ("NSSL") medium and heavy lift missions and all five U.S. crew and cargo missions to the International Space Station for NASA."
- [confirms] SpaceNews (EN, news, published 2022-11-15) https://spacenews.com/nasa-awards-spacex-1-15-billion-contract-for-second-artemis-lander-mission/: "NASA awarded SpaceX a contract worth more than $1.15 billion for a second crewed Artemis lunar lander mission."
- [confirms] NASA (EN, ir, published 2021-04-16) https://www.nasa.gov/news-release/as-artemis-moves-forward-nasa-picks-spacex-to-land-next-americans-on-moon/: "The total award value of the firm-fixed price, milestone-based contract is $2.89 billion."

### 이리듐 (high)  → /iridium.md
- metric: Contract value $492M · 2010~2019 (8회 발사) · Iridium NEXT Falcon 9 launch contract
- note: Serves as the launch-services revenue source that carries out Iridium's satellite and mission launches. To deploy its second-generation Iridium NEXT constellation, Iridium signed a $492M commercial launch contract with SpaceX in June 2010 (the largest single commercial launch contract at the time). Falcon 9 placed multiple satellites per flight into low Earth orbit, completing the deployment across eight launches from 2017 to 2019. Launch costs were part of the total NEXT program cost (about $2.9B).
- [confirms] SpaceNews (EN, news, published 2019-01-11) https://spacenews.com/spacex-completes-iridium-next-constellation/: "SpaceX launched the final batch of Iridium Next satellites, completing an eight-launch, $492 million campaign that began in January 2017 to replace Iridium's first-generation constellation."
- [confirms] U.S. Securities and Exchange Commission (SEC EDGAR) (EN, filing, published 2010-06-16) https://www.sec.gov/Archives/edgar/data/1418819/000119312510140098/dex991.htm: "The $492 million contract, while being the largest single commercial launch deal ever signed, nonetheless represents a new benchmark in cost-effective satellite delivery to space... SpaceX's Falcon 9 launch vehicle will carry multiple Iridium NEXT satellites per vehicle, inserting the satellites into a low-earth orbit (LEO)."

### 글로벌스타 (high)  → /globalstar.md
- metric: payment total $163M · 2023-08~2025-12 · Cumulative payments under Falcon 9 launch agreements (incl. $77M milestone prepayments)
- note: Serves as the launch-services revenue source that carries out Globalstar's satellite and mission launches. Contractor for replacement and next-generation satellite launches. Signed Launch Services Agreements for Falcon 9 launches in August 2023 and June 2025 (two launches). Paid SpaceX a total of $162.6M through 2025-12-31 ($33.0M during 2025), including $77.0M of prepaid future milestones. First launch in 2025, second scheduled for 2026.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-02-27) https://www.sec.gov/Archives/edgar/data/1366868/000136686826000012/gsat-20251231.htm: "In each of August 2023 and June 2025, we entered into a Launch Services Agreement with Space Exploration Technologies Corp. ('SpaceX') ... We paid to SpaceX a total of $162.6 million ... of which $33.0 million was paid in 2025. A portion of the amounts paid to SpaceX were prepayment for future milestones, totaling $77.0 million."
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2025-08-07) https://www.sec.gov/Archives/edgar/data/1366868/000136686825000101/gsat20250630-ex991.htm: "Entered into a launch services agreement with SpaceX for the launch of the second set of replacement satellites under construction by MDA Space pursuant to our 2022 satellite procurement agreement."

### 새틀로직 (high)  → /satellogic.md
- metric: purchase commitment $10M · through 2028 · Total noncancelable launch-service purchase commitments as of 2025-12-31 (~US$8.2M due in 2026)
- note: Serves as the launch-services revenue source that carries out Satellogic's satellite and mission launches. A launch-services cost item. A Multi-Launch Agreement (2022-04-05) secured 68 upcoming rideshare launches. 42 slots remained as of 2025-12-31. Total remaining commitment under the non-cancelable launch-services contract is about US$10.2M (through 2028), with about US$8.2M for 2026.
- [confirms] U.S. SEC EDGAR (EN, filing, published 2026-03-19) https://www.sec.gov/Archives/edgar/data/1874315/000187431526000013/satl-20251231.htm: "Future purchase commitments under noncancelable launch service contracts as of December 31, 2025 consisted of approximately $8.2 million of total purchase commitments for the year ending December 31, 2026 and total commitments of $10.2 million through 2028. In April 2022, we secured launch capacity for our next 68 launches with SpaceX, via the SpaceX Agreement. At December 31, 2025, we had 42 launch slots remaining."
- [confirms] Satellogic (press release) (EN, ir, published 2022-05-04) https://satellogic.com/news/press-releases/satellogic-announces-multiple-launch-agreement-with-spacex-for-its-next-68-sub-meter-resolution-earth-observation-satellites/: "Satellogic Announces Multiple Launch Agreement with SpaceX for its Next 68 Sub-Meter Resolution Earth Observation Satellites — Strategic agreement positions Satellogic to achieve weekly remapping of the entire surface of the Earth in 2023."

### Northrop Grumman (high)  → /northrop-grumman.md
- note: Wins launch service work for Northrop Grumman Cygnus ISS cargo missions following the Antares retirement. Falcon 9 flew NG-20 through NG-24 consecutively, and the first Cygnus XL (NG-23) launched on Falcon 9 Block 5 in September 2025. Contract values are not disclosed.
- [confirms] Spaceflight Now (EN, news, published 2025-09-15) https://spaceflightnow.com/2025/09/15/northrop-grummans-1st-cygnus-xl-spacecraft-launches-on-cargo-run-to-the-space-station/: "The NG-23 mission launched aboard a Falcon 9 Block 5 rocket; it is one of a series of Cygnus missions flying on Falcon 9 to support Northrop's Commercial Resupply Services contract with NASA following the retirement of Antares."

### 사이더스 스페이스 (high)  → /sidus-space.md
- note: Rideshare launch revenue from Sidus Space's LizzieSats. A five-launch multi-mission agreement was signed in 2022, and LizzieSat-1 flew on Transporter-10 (Falcon 9, Vandenberg) on March 4, 2024. Follow-on LizzieSat-4 and -5 target late-2026 launches. Value undisclosed.
- [confirms] Sidus Space IR (EN, ir, published 2024-03-05) https://investors.sidusspace.com/news-events/press-releases/detail/167/sidus-space-receives-signals-from-lizziesat-after: "...it received multiple signals from its LizzieSat satellite after launch and deployment to low Earth orbit as part of SpaceX's Transporter-10 Rideshare mission on March 4, 2024 from Space Launch Complex 4 East at Vandenberg Space Force Base in California."
- [confirms] Exolaunch (EN, news, published 2022-12-09) https://www.exolaunch.com/news_82.html: "Sidus signed a multi-launch agreement with SpaceX for five LizzieSat rideshare missions, and chose Exolaunch's CarboNIX deployment system for LizzieSat separation from the launch vehicle for those five missions."

### 바이어샛 (high)  → /viasat.md
- note: Serves as the launch-services revenue source that carries out Viasat's satellite and mission launches. Launched ViaSat-3 F3 (about 6.6 tons) to GEO on a Falcon Heavy from Kennedy Space Center LC-39A on 2026-04-29. A cost item for satellite launch. Contract value undisclosed.
- [confirms] Space.com (EN, news, published 2026-04-29) https://www.space.com/space-exploration/launches-spacecraft/spacex-falcon-heavy-rocket-viasat-3-f3-launch: "Falcon Heavy lifted off from Launch Complex 39A at Kennedy Space Center on the ViaSat-3 F3 mission, carrying the satellite toward geostationary orbit."
- [confirms] Spaceflight Now (EN, news, published 2026-04-29) https://spaceflightnow.com/2026/04/29/spacex-launches-6-ton-viasat-3-f3-satellite-on-falcon-heavy-rocket/: "SpaceX launched the ViaSat-3 F3 satellite on a Falcon Heavy rocket, the third and final satellite in the ViaSat-3 constellation, headed to geostationary orbit."

### SES (high)  → /ses.md
- note: Launch-services revenue from SES. Launch-services provider for the O3b mPOWER fleet, SES contracted Falcon 9 launches in 2019 and SpaceX has flown the satellites in pairs, reaching 10 launched by July 2025, SES's launch-capex line.
- [confirms] Spaceflight Now (EN, news, published 2025-07-22) https://spaceflightnow.com/2025/07/21/live-coverage-spacex-to-launch-2-o3b-mpower-satellites-for-ses-on-a-falcon-9-rocket-from-cape-canaveral/: "A SpaceX Falcon 9 launched the latest pair of O3b mPOWER satellites for SES from Cape Canaveral on July 22, 2025, bringing the number launched to ten of thirteen."
- [confirms] Teslarati (EN, news, published 2019-08-01) https://www.teslarati.com/spacex-ses-falcon-9-o3b-mpower-launch-contracts/: "SpaceX and SES announced launch contracts for seven O3b mPOWER communications satellites on two separate Falcon 9 missions, placing the constellation in medium Earth orbit."

### 유텔샛 (high)  → /eutelsat.md
- note: Serves as the launch-services revenue source that carries out Eutelsat's satellite and mission launches. Provider of OneWeb satellite launch services. After the Arianespace (Soyuz) contract was voided following Russia's 2022 invasion of Ukraine, it switched to Falcon 9; carried out multiple missions, including the launch of 20 satellites (the last of the first generation) from Vandenberg on October 19, 2024. Launch contract value undisclosed.
- [confirms] SpaceNews (EN, news, published 2024-10-20) https://spacenews.com/spacex-completes-final-dedicated-launch-for-oneweb/: "SpaceX launched the final batch of first-generation OneWeb satellites, completing its dedicated launch campaign for the Eutelsat-owned constellation after OneWeb turned to SpaceX from Arianespace Soyuz in 2022."
- [confirms] Space.com (EN, news, published 2024-10-19) https://www.space.com/spacex-eutelsat-oneweb-satellite-launch-october-2024: "A SpaceX Falcon 9 rocket launched 20 Eutelsat OneWeb satellites from Vandenberg Space Force Base on Oct. 19, 2024, lofting the last of the constellation's first-generation internet satellites."

### 플래닛랩스 (high)  → /planet-labs.md
- note: Serves as the launch-services revenue source that carries out Planet Labs's satellite and mission launches. Planet repeatedly launches its satellite fleet as SpaceX Falcon 9 Transporter rideshares. Pelican-1 (Transporter-9, 2023-11), Tanager-1 plus 36 SuperDoves (Transporter-11, 2024-08), Pelican-2 plus 36 SuperDoves (Transporter-12, 2025-01), Pelican 5 and 6 (Transporter-15, 202
- [confirms] eoPortal (ESA) (EN, research, published 2025-11-28) https://www.eoportal.org/satellite-missions/planet-pelican: "Pelican 5 and Pelican 6 were launched on November 28, 2025 ... aboard SpaceX's Falcon-9 rocket for the Transporter-15 Rideshare Mission from Vandenberg Space Force Base."
- [confirms] Planet Labs (EN, ir, published 2024-08-16) https://www.planet.com/pulse/planet-launches-first-tanager-1-hyperspectral-satellite-and-36-superdoves-with-spacex/: "Planet Labs' first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE) launched on the Transporter-11 Rideshare mission with SpaceX ... from Vandenberg Space Force Base in California."

### 인튜이티브 머신스 (high)  → /intuitive-machines.md
- note: Serves as the launch-services revenue source that carries out Intuitive Machines's satellite and mission launches. All IM lunar lander launches (IM-1, IM-2, IM-3) are procured on SpaceX Falcon 9 (Kennedy Space Center LC-39A), the core launch-services supplier for mission costs. Individual launch contract values undisclosed.
- [confirms] Wikipedia (EN, research, published 2026-07-04) https://en.wikipedia.org/wiki/Intuitive_Machines_Nova-C: "SpaceX is under contract to provide Falcon 9 launches for each of the three landers."
- [confirms] NASA (EN, news, published 2024-02-13) https://www.nasa.gov/news-release/nasa-sets-coverage-for-spacex-intuitive-machines-first-moon-mission/: "Intuitive Machines' Nova-C lunar lander is scheduled to launch on a SpaceX Falcon 9 rocket from Launch Complex 39A at NASA's Kennedy Space Center in Florida."

### 파이어플라이 에어로스페이스 (high)  → /firefly-aerospace.md
- note: Serves as the launch-services revenue source that carries out Firefly Aerospace's satellite and mission launches. The Blue Ghost lunar lander launches on SpaceX Falcon 9 rather than Firefly's own Alpha. Mission 1 launched from Kennedy Space Center LC-39A on January 15, 2025, and Mission 2 (late 2026) is also scheduled to launch on Falcon 9 together with the Elytra transfer vehicle. Launch contract value undisclosed.
- [confirms] Firefly Aerospace (EN, ir, published 2025-01-15) https://fireflyspace.com/news/firefly-aerospaces-blue-ghost-mission-1-successfully-launches-and-begins-45-day-transit-to-the-moon/: "Blue Ghost Mission 1, named Ghost Riders in the Sky, launched from Launch Complex 39A at NASA's Kennedy Space Center in Florida... The Blue Ghost lunar lander launched on a SpaceX Falcon 9 rocket, successfully acquired signal, and completed on-orbit commissioning."
- [confirms] NASA (EN, news, published 2025-01-15) https://www.nasa.gov/blogs/missions/2025/01/15/liftoff-firefly-lunar-lander-begins-journey-to-the-moon/: "Firefly Aerospace's Blue Ghost Mission 1 launched on a SpaceX Falcon 9 rocket from Launch Complex 39A at NASA's Kennedy Space Center in Florida."

### 존디어 (스타링크 SATCOM) (high)  → /deere-company.md
- note: Starlink service and terminals for farm-equipment connectivity.
- [confirms] Deere & Company (EN, ir, published 2025-01-15) https://www.deere.com/en/our-company/static/john-deere-partnership-with-spacex/: "Starlink connects Deere machines."

### 디어 앤 컴퍼니 (스타링크 SATCOM) (high)  → /deere-company.md
- note: Supplies Starlink SATCOM to John Deere, the world's largest farm-equipment maker, connecting off-grid precision-ag machines and enabling autonomy; rollout starts in the U.S. and Brazil.
- [confirms] Deere & Company (EN, ir, published 2025-01-15) https://www.deere.com/en/our-company/static/john-deere-partnership-with-spacex/: "John Deere selected SpaceX to provide satellite communications (SATCOM) service."
- [mentions] Nongmin News (KO, news, published 2024-09-30) https://www.nongmin.com/article/20240930500650: "John Deere named SpaceX its satellite-communications partner."

### 로열 캐리비안 그룹 (high)  → /royal-caribbean-group.md
- note: SpaceX supplies Starlink satellite internet across Royal Caribbean Group's entire fleet, and contract value and service fees were not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-11) https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm: "partnership with SpaceX"
- [confirms] Royal Caribbean Group (EN, ir, published 2022-08-30) https://www.prnewswire.com/news-releases/royal-caribbean-group-to-use-spacexs-starlink-in-an-industry-first-to-provide-high-speed-internet-onboard-full-cruise-fleet-301614949.html: "Royal Caribbean Group selecting Starlink to provide internet across their fleet."

### 카니발 (high)  → /carnival.md
- note: SpaceX supplies Starlink satellite internet across Carnival's global fleet and had completed installation on all 90-plus ships as of May 2024, while the contract value was not disclosed.
- [confirms] Carnival Corporation and PR Newswire (EN, ir, published 2024-05-14) https://www.prnewswire.com/news-releases/carnival-corporation-rolls-out-spacexs-innovative-starlink-across-entire-global-fleet-rivaling-the-best-wi-fi-experiences-available-on-land-302144557.html: "100% of its ships across the global fleet are equipped with Starlink."

### 블랙스카이 (라이드셰어 발사) (mid)  → /blacksky.md
- note: Launched BlackSky's Global (Gen-2) Earth-observation satellites on Falcon 9 Transporter rideshare — for SpaceX, one of many small-satellite rideshare customers, selling low-cost orbital access to a small EO operator.
- [confirms] Via Satellite (EN, news, published 2021-12-02) https://www.satellitetoday.com/launch/2021/12/02/spacex-launches-starlink-batch-with-2-rideshare-blacksky-satellites/: "Falcon 9 launched BlackSky Global satellites as rideshare alongside Starlink (Dec 2021)."

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