Military contracts often represent 'we made it' moments for space companies.
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My impression is that – outside of the industry – when most people hear "space," or think about "investing in space" for that matter, it comes with connotations of science, exploration, astronauts, and maybe some even though the latter is old enough to be the Space Force's grandfather and holds a coveted position as one of the most beloved federal agencies.
Historically, the biggest defense contractors have long been the winners of the largest space contracts – and that's still true today.The top pure-play space companies get a significant, if not majority, amount of revenue from military work under contracts from the U.S. and its allies.
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