Pentagon Taps SpaceX CEO Elon Musk to Co-Lead Future Warfare Review Panel

The U.S. Department of Defense has appointed SpaceX CEO Elon Musk to co-lead "Project Meridian," a 120-day Pentagon study reviewing future warfare technologies. The panel's recommendations, due January 28, 2027, could influence allocations within a proposed $59.7 billion space capabilities budget for FY2027. SpaceX holds an estimated $8 billion in 2026 defense contracts, and its Enterprise & Government revenue rose 108% year-over-year in Q2 2026 to $1.806 billion of its $7.81 billion total revenue. The appointment has heightened market attention on SpaceX's $2.2 trillion valuation amid scrutiny over potential headline and volatility risks.