The Phase 3 Lane 1 award period will run from fiscal year 2025 to fiscal year 2029, with the potential for a five-year extension. The Space Force anticipates awarding at least 30 missions over this period, providing a significant boost to the company's launch capabilities. This contract is a significant win for SpaceX, which has been a major player in the launch industry for several years. However, the company may face increased competition in the future as new launch companies and vehicles come online.