NASA’s $946 Million SpaceX Award Extends Crew Dragon Through 2030, But Redundancy Remains Uncertain

With a new $946 million, NASA has extended Space Exploration Technologies Corp.'s (NASDAQ:SPCX) crewed ISS mission commitments through 2030, bringing the total contract value to nearly $6 billion. This news comes after CFO Bret Johnsen showed confidence that the company can reach $100 billion in annual revenue run rate by the end of 2026, a figure I find hard to believe. I pointed that out in my previous coverage of the stock: SpaceX Said $100 Billion Is Within Reach, Its Cash Flow Tells Another Story. The move is explicitly intended to preserve redundancy, with Boeing expected to provide a second option for transporting astronauts. However, that redundancy remains more of a future objective than a current reality.