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SpaceX closer to winning first U.S. military contract

SpaceX is close to landing its first Pentagon contract.

Elon Musk’s Space Exploration Technologies Corp., or SpaceX, is close to bagging an important Pentagon contract next week as it is the only company to submit a proposal.

Earlier this week, United Launch Alliance, a joint venture between Boeing Co. BA, -0.71% and Lockheed Martin Corp. LMT, -0.01% said it was...