Elon Musk's SpaceX has landed a $96.5 million contract to launch a military satellite

Elon Musk's SpaceX has a new mission: Launch a military satellite into orbit. The U.S. Air Force announced Tuesday that it had awarded the company — a relative newcomer to military space launches — a $96.5 million dollar contract to support the launch of a next generation global positioning system satellite called GPS III. SpaceX beat out another contractor for the work, according to a Department of Defense press release, and will provide "launch vehicle production, mission integration, launch operations, spaceflight worthiness and mission unique activities for a GPS III mission." More

(Source: CNBC - Mar 15)