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Sector StudyFull report

Defence Space & Missile Defence:
Golden Dome and the SDA Architecture

Golden Dome is funded to see and to talk, not yet to shoot. Tracking satellites, moving-target indication, a space data network and launch are on contract; space-based interceptors are 20 prototype agreements whose place in the final architecture is undecided. The money is the weak link: about $24.4 billion came from a one-off 2025 reconciliation law, and about 97% of the $17.5 billion FY2027 request depends on a second one that has not passed.

$185B
DoD plan, to ~2035
$24.4B
Enacted in 2025
~97%
of FY2027 still contingent
162 min
Read, 34 chapters

Chapters

What each chapter answers

  1. 018 min · Free

    Executive Summary

    Is Golden Dome a funded programme or an announcement, and which parts will last?

    Key figuresComparison
  2. 026 min · Free

    The Threat Case

    Why does the United States want to defend its whole territory, and why from space?

    Comparison
  3. 039 min · Free

    Lessons from Ukraine and the Iran Wars

    What have the wars of 2022–2026 taught about missile defence?

    Key figuresRange chartRanking
  4. 045 min · Subscribers

    Golden Dome: Announced Versus Funded

    What has the United States committed to, and how much has been paid for?

    Timeline
  5. 056 min · Subscribers

    Where the Money Comes From

    How is Golden Dome paid for, and how durable is that money?

    Ranking
  6. 064 min · Subscribers

    Three Price Tags

    Why do estimates range from $185 billion to $3.6 trillion?

    Ranking
  7. 075 min · Subscribers

    Forty Years of Space-Based Defence: What History Teaches

    Has the United States tried this before, and what happened?

    Timeline
  8. 083 min · Subscribers

    The Space Force Budget in Context

    How large is the US military space budget, and how much of its growth is Golden Dome?

    Split
  9. 095 min · Subscribers

    SDA's Proliferated Warfighter Space Architecture

    What is the Space Development Agency building, and how far has it got?

    Ranking
  10. 104 min · Subscribers

    The Unit Economics of a Defence Constellation

    What does a defence satellite cost to buy and to keep in orbit?

    Ranking
  11. 114 min · Subscribers

    Missile Warning and Tracking

    Which satellites warn of and follow a missile, and what is changing?

  12. 122 min · Subscribers

    Seeing Aircraft and Cruise Missiles from Space

    Why does missile defence buy satellites that track aircraft?

    Key figures
  13. 133 min · Subscribers

    The Data Layer

    How do tracks reach interceptors fast enough?

    Comparison
  14. 144 min · Subscribers

    Anatomy of an Engagement: The Kill Chain in Seconds

    What has to happen, and how fast, to stop a missile?

    Framework
  15. 157 min · Subscribers

    Space-Based Interceptors: Physics and Cost

    How many interceptors would orbit, and what would they cost?

    Range chart
  16. 163 min · Subscribers

    Ground, Sea and Non-Kinetic Layers

    What does the rest of the shield look like?

  17. 174 min · Subscribers

    Launch: The Demand Defence Creates

    How much launch does defence space need, and who provides it?

    Split
  18. 184 min · Subscribers

    Commercial Integration

    How is the Department using commercial companies and contract vehicles?

    Comparison
  19. 193 min · Subscribers

    Supplier Map by Layer

    Who builds what, and where is the concentration?

  20. 205 min · Subscribers

    The Demand Map, 2026–2035

    How many satellites and components does the build-out need each year?

    Range chart
  21. 214 min · Subscribers

    Industrial Bottlenecks

    Which parts of the supply chain limit the build-out?

    Ranking
  22. 227 min · Subscribers

    Europe I: The EU and NATO Layer

    What are the EU and NATO building in defence space?

    RankingKey figuresTimeline
  23. 237 min · Subscribers

    Europe II: National Programmes

    Which European countries are building military space capability, and how much are they committing?

    RankingComparison
  24. 246 min · Subscribers

    Europe III: The Missile-Warning and Interceptor Gap

    Can Europe see and stop a ballistic or hypersonic missile on its own?

    TimelineRanking
  25. 256 min · Subscribers

    Japan: The Ally Most Likely to Add Sensors

    Could Japan become the first ally to add sensors to missile defence from space?

    Key figuresTimeline
  26. 265 min · Subscribers

    Australia, Korea, India and the Wider Indo-Pacific

    Beyond Japan, how do Pacific allies and partners contribute to defence space?

    Ranking
  27. 276 min · Subscribers

    China: Missiles, Counterspace and Megaconstellations

    What is China building that bears on Golden Dome?

    Ranking
  28. 287 min · Subscribers

    Russia: Novel Weapons, Nuclear Threats in Orbit and the Lessons of Ukraine

    What is Russia building that bears on Golden Dome, and what has Ukraine taught?

    Timeline
  29. 294 min · Subscribers

    Stability, Debris and Arms Control

    What does defence in space do to stability and the orbital environment?

    Ranking
  30. 303 min · Subscribers

    What This Means for Different Readers

    How should investors, lenders, suppliers and planners use these findings?

  31. 314 min · Subscribers

    Budget Scenarios 2026–2035

    How might funding evolve, and which layers survive?

    Comparison
  32. 325 min · Subscribers

    Risk Register, Signals and Method

    What could go wrong, and what should readers watch?

    Timeline
  33. 332 min · Subscribers

    Appendix A: Awards and Funding Reference

    Which awards and funding actions does the study rely on?

  34. 342 min · Subscribers

    Appendix B: Glossary

    What do the terms mean?

The first 3 chapters of this and every report are open to everyone. Space access opens all 34, with the models and their Excel files.

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Setcoin Atlas · Space & aerospace

The thesis, against the live record

Research and contract activity on public registers, mapped to the bottlenecks this report names.

1,096

awards & contracts on record

1,063

organisations

$9.0bn

awarded (corrected)

171

new in the last 90 days

Awarded value after removing $16.9bn of aircraft and missile awards misfiled under space.

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See the evidence behind each bottleneck

Free accounts see the evidence ladder, regional split and the most active organisations and projects, anonymised.

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