Official NASA or SpaceX announcement

NASA Selects SpaceX for $1 Billion ISS Deorbit Mission Post-2030

Jun 27, 2024, 10:54 AM

NASA has selected SpaceX to carry out the deorbiting and destruction of the International Space Station (ISS) after its retirement, which is scheduled for post-2030. SpaceX will build a specialized vehicle, often referred to as a 'tug vehicle,' to guide the ISS to its final resting place in the ocean. This contract is valued at close to $1 billion. The decision underscores SpaceX's growing influence and capability in the aerospace sector, further solidifying its position as a leading private space company. SpaceX's valuation has surged to $210 billion, reflecting its significant role in advancing space technology.