Sphere Corp. signs $1 bil. supply deal for SpaceX

Sphere Corporation, a Korean supply chain management company specializing in aerospace-grade special alloys, said Friday that it has signed a $1 billion supply deal with Elon Musk’s SpaceX.

According to the company’s regulatory filing, it signed the deal on Thursday to supply high-performance special alloys such as nickel and superalloys for 10 years to SpaceX, through the end of 2035. The deal also includes an option to extend the contract for up to three additional years after its expiration.

Based on the confirmed contract volume for 2026 of $55.48 million, the total amount SpaceX is expected to purchase from the company is estimated at $1.05 billion, Sphere said.

Sphere said the supply volume could increase further, in line with the growing number of SpaceX rocket launches in the coming years. In May, the U.S. Federal Aviation Administration approved an increase in the maximum number of annual launches of SpaceX’s Starship from five to 25, paving the way for a large-scale expansion of its launch program.

Since 2023, Sphere has been supplying special alloy materials used in key rocket components such as engines, nozzles, combustion chambers, launch pads and propellant systems for SpaceX.

With the latest contract, Sphere said it plans to solidify its position in the global aerospace special alloy market and grow into a key player in global supply chain management by strengthening strategic partnerships with SpaceX and other vendors.