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The first orbital rockets, satellites, and even the Apollo architecture were born of the military and its aerospace contractors.
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.
And the importance of military contracts is also going further upstream, as venture capital looks more explicitly toward startups that are winning and delivering on early military deals.
Persons:
CNBC's Michael Sheetz, I'm, Peter Beck, Beck
Organizations:
Pentagon, U.S . Space Force, NASA, SpaceX, Space Force, NRO
Locations:
U.S, Ukraine, China, Taiwan