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Setcoin Intelligence · Space Infrastructure · Defence & Missile Defence · Updated October 2026

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

Where will defence-space money flow from 2026 to 2035, which layers are funded rather than announced, and which suppliers sit on the critical path? Thirty-two chapters on the budget, the cost estimates, the Space Development Agency's constellation, interceptors, launch, suppliers, Europe and the adversaries, with five interactive models. Figures as of 21 October 2026.

Open to everyone: the first 3 chapters in full, with exhibits and models; a free account adds their Excel models. Space subscription: all 34 chapters, every model and Excel file, 7-day free trial, then €199 a month. Already a reader? Sign in.

boost phaseinterceptor
Chapters
32 + 2 appendices · 162 min
Interactive Models
5, with Excel
Layers Covered
Warning, tracking, data, interceptors, launch
Figures As Of
21 October 2026
$185B
DoD plan, to ~2035
$24.4B
Enacted in 2025
~97%
of FY2027 still contingent
162 min
Read, 34 chapters

In short

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.

01 · The answer

Funded to see and to talk, not yet to shoot

In January 2025 the President ordered a national missile shield, soon named Golden Dome for America. By March 2026 the Department's estimate for its objective architecture was $185 billion, delivering out to around 2035, with an initial capability planned for 2028. Congress has provided about $24.4 billion, all of it through the one-off 2025 reconciliation law, and about 90% of that was on contract by August 2026.

The sensing and data layers are real and on contract: about $3.5 billion for 72 Tranche 3 tracking satellites, $1.75 billion for 36 accelerated missile-defence tracking satellites, $4.16 billion for the first satellites that track aircraft and cruise missiles from space, and $2.29 billion for the backbone of a military space data network. These layers continue in every budget scenario because they serve missions beyond homeland defence.

The interception layer is not decided. Twelve companies hold space-based interceptor prototype agreements with a combined ceiling of $3.2 billion, and the programme's director has said boost-phase interceptors may not make the final architecture. That layer is why estimates range from $185 billion to $1.2 trillion (CBO) and $3.6 trillion (AEI): they price different systems.

The money is the weakest link. About 97% of the $17.5 billion FY2027 request depends on a second reconciliation law, and with no FY2026 appropriation, a continuing resolution gives Golden Dome nothing to roll forward. One supplier, SpaceX, holds a large share of every newly funded layer.

Try the model

How much of Golden Dome is actually paid for?

Start from the October 2026 position, then pass the second reconciliation law or move the money into the regular budget and see what FY2027 looks like. The defaults are the study's figures; your changes stay in your browser.

Interactive model

Golden Dome budget flow

How much of Golden Dome is actually funded, and what happens if the second reconciliation law does or does not pass?

Scenarios
$0.40BFY2027 funded
2.3%Share of FY2027 request funded
$24.80B · 13.4%Funded FY2025–27 vs objective architecture
63.9%Space share of the 2025 money (committee text)
2025 · Space-based sensors Space$7.20B
2025 · Space-based and boost-phase intercept Space$5.60B
2025 · Air moving-target-indicator satellites Space$2.00B
2025 · Non-kinetic effects (EW, cyber) Other$2.40B
2025 · NSSL launch infrastructure Space$0.50B
2025 · Space superiority (SCO, classified) Space$0.30B
2025 · Directed energy Other$0.25B
2025 · MDA special programmes Other$0.18B
2025 · other IAMD lines (balance) Other$5.97B
FY2027 · base budget FY2027$0.40B
FY2027 · contingent, enacted FY2027$0.00B
FY2027 · contingent, not funded Gap$17.10B
$B · 2025 reconciliation lines and FY2027 funding
Show the calculation table
Item$B
2025 reconciliation (enacted)24.4
FY2027 request17.5
FY2027 base budget0.4
FY2027 contingent on reconciliation17.1
FY2027 funded (your case)0.4
Funded FY2025–2724.8
Objective architecture185
Sensitivity: which input moves the answer most

What moves “FY2027 funded” most: each input 20% lower (left of a pair) and 20% higher

FY2027 in the base budget−0.100 / +0.100
Contingent = request − base. Funded FY2027 = base + share of the contingent request you assume is enacted.Line items for 2025 are the House committee text of April 2025 and are indicative; the enacted law does not name Golden Dome.A continuing resolution funds programmes at the prior year’s rate; Golden Dome has no FY2026 appropriation, so a CR provides nothing.

This is one of 5 interactive models in the report. The first 3 chapters of the report are open to everyone; a Space subscription, with a 7-day free trial, opens every model and its Excel file.

02 · Cost

Three Price Tags, Three Different Systems

The estimates are not competing guesses at one system. They differ in scope, horizon and above all in the size of the interceptor layer.

$185B

DoD objective architecture

Acquisition of the Department's own architecture out to about 2035 (March 2026, up from $175B)

$471B

AEI, constrained

20 years; a limited boost-phase interceptor layer; fits $175B for the first five years

$1.19T

CBO, May 2026

20 years to develop, deploy, replace and operate; space interceptors about 70% of acquisition

$3.6T

AEI, most capable

The most expensive of six illustrative architectures over 20 years

03 · The architecture

Which Layers Are on Contract

Sensing, data and launch are funded and awarded. Interception from space is a set of prototypes.

Artist concept of a relay satellite in high orbit above the Earth (NASA)
On contract

Missile warning

Next-Gen OPIR replaces SBIRS in geostationary orbit; its first satellite slipped to no earlier than October 2026, and the polar segment is proposed for cancellation.

~$5B
FY2027 request
NET Oct 2026
GEO-1 launch
Small satellites deployed into low Earth orbit (NASA)
On contract

Tracking from low orbit

The Space Development Agency buys tracking satellites in competed, fixed-price tranches: 72 in Tranche 3 and 36 accelerated for Golden Dome.

~$49M
per satellite
2028–29
launch
A large ground antenna of NASA's Deep Space Network (NASA/JPL-Caltech)
On contract

Data network

The SDA transport layer plus a $2.29B Starshield-based backbone, operational prototype due by end-2027; moving-target indication ($4.16B) shares the network.

$2.29B
backbone
$4.16B
SB-AMTI
The X-43A hypersonic research vehicle on its booster (NASA)
Prototype

Interceptors in space

Twenty prototype agreements across twelve companies; initial capability aimed at 2028; the director says boost-phase interceptors may not make the final architecture.

$3.2B
ceiling, 12 firms
~70%
of CBO acquisition
Illustration of ground-based air and missile defence systems
On contract

Ground and sea interceptors

The Next Generation Interceptor heads for critical design review by end-2026 and fielding by 2030; Aegis, THAAD and Patriot defend regions and points.

~$17B
NGI contract
2030
NGI fielding
A night launch from Vandenberg Space Force Base (NASA)
On contract

Launch

National Security Space Launch Phase 3: SpaceX holds 28 of 54 Lane 2 missions, ULA 19, Blue Origin 7; SDA tranches fly about 21 satellites per launch.

28 / 54
SpaceX Lane 2
~$4M
launch per SDA satellite

Try the model

How many interceptors must orbit to stop one missile?

Satellites in low orbit move constantly, so for every interceptor within reach of a launch, many more are elsewhere. Change the salvo, the reach and the unit cost and see the constellation and its 20-year bill against the CBO's figures.

Interactive model

Space-based interceptor constellation sizer

How many interceptors must be in orbit to have enough overhead when missiles launch, and what does that cost over 20 years?

Scenarios
2,989Interceptors in orbit
1 in 149Absentee ratio
$281B20-year cost (build + launch)
598 · 40Replacements a year · medium-lift launches
Your constellation$281B
CBO 2025 low (regional) Published$161B
CBO 2025 high (regional) Published$542B
CBO 2026 interceptor layer (reported) Published~$743B
$B over 20 years
Show the calculation table
ItemValue
Area within reach (km²)2,007,979
Absentee ratio149.4
Interceptors needed overhead20
Constellation2,989
Generations in 20 years4
Build cost ($B)263
Launch cost ($B)17.9
Launches a year at 15 t each40
APS 2003 benchmark: one solid ICBM>1,600 interceptors
Sensitivity: which input moves the answer most

What moves “Interceptors in orbit” most: each input 20% lower (left of a pair) and 20% higher

Interceptor reach+1,536 / −868
Orbit tuning to launch latitudes+640 / −449
Missiles launched at once, one region−598 / +597
Absentee ratio = Earth surface (510M km²) ÷ (area within reach × tuning). Area within reach = 2πR²(1 − cos(reach ÷ R)), R = 6,371 km.Constellation = salvo × interceptors per missile × absentee ratio. 20-year cost = constellation × generations × (unit + mass × launch price).Illustrative geometry, not an engineering design: reach depends on boost duration (shorter for solid fuel), interceptor velocity and decision time.

This is one of 5 interactive models in the report. The first 3 chapters of the report are open to everyone; a Space subscription, with a 7-day free trial, opens every model and its Excel file.

04 · Where the demand lands

The Factories, Ranges and Sites Behind the Shield

Fifty-four sites in the United States, Europe and allied countries, by layer: satellites and sensors, propulsion and interceptors, launch and operations. Ringed sites are single or near-single sources.

ringed: single or near-single source · hover or tap a site for detail · locations are public company and government sites; not every facility is shown

All 54 sites, by category

Satellites, sensors and terminals

  • SpaceX, Redmond (Washington) ◎ — Starlink and Starshield satellite production; data backbone ($2.29B) and moving-target indication ($4.16B)
  • Lockheed Martin Space, Littleton (Colorado) — Next-Gen OPIR GEO warning satellites; Tranche 3 tracking (18 satellites, $1.10B); transport
  • Northrop Grumman, Gilbert (Arizona) — Small-satellite production; SDA transport and Tranche 3 tracking (18 satellites)
  • Northrop Grumman, Azusa (California) — Infrared missile-warning payloads (SBIRS, Next-Gen OPIR polar heritage)
  • L3Harris, Fort Wayne (Indiana) — Tracking satellites and payloads: Tranche 3 tracking and 18 AMDT3 missile-defence variants
  • York Space Systems, Denver (Colorado) — SDA transport satellites (Tranche 1 and 2)
  • Rocket Lab, Long Beach (California) — Tranche 3 tracking (18 satellites, $0.805B); buses and components
  • Sierra Space, Louisville (Colorado) — AMDT3 missile-warning and tracking variants (18 satellites)
  • Millennium Space Systems, El Segundo (California) — Medium-orbit missile-warning and tracking satellites
  • BAE Systems Space, Boulder (Colorado) — Space sensors and spacecraft (formerly Ball Aerospace)
  • Raytheon (RTX), El Segundo (California) — Space infrared sensors and ground processing
  • Teledyne Imaging, Camarillo (California) ◎ — Infrared focal-plane arrays: one of few US makers
  • Leonardo DRS, Dallas (Texas) — Infrared detectors and focal-plane arrays
  • CACI (SA Photonics), Los Gatos (California) — Optical inter-satellite terminals built to the SDA standard
  • Mynaric, Hawthorne (California) — Optical inter-satellite terminals (US arm of German maker)
  • BAE Systems, Manassas (Virginia) ◎ — Radiation-hardened processors for satellites
  • OHB, Bremen (Germany) — ODIN'S EYE missile-warning studies lead; SATCOMBw Stage 4 team
  • Airbus Defence and Space, Friedrichshafen and Toulouse — IRIS² manufacturing; military satellites
  • Thales Alenia Space, Cannes (France) — IRIS² and SICRAL 3; military communications satellites
  • Rheinmetall ICEYE Space Solutions, Neuss (Germany) — SPOCK 1 radar constellation for the Bundeswehr (~€1.7B)
  • ICEYE, Espoo (Finland) — Radar small satellites for Poland, Germany and others
  • Tesat-Spacecom, Backnang (Germany) — Optical terminals, including for SDA satellites
  • Mitsubishi Electric, Kamakura (Japan) — Japanese military and QZSS satellites

Propulsion and interceptors

  • Northrop Grumman, Promontory (Utah) — Large solid rocket motors; ground-based interceptor boosters
  • Northrop Grumman, Elkton (Maryland) — Tactical and space solid rocket motors
  • L3Harris (Aerojet Rocketdyne), Camden (Arkansas) — Solid rocket motors for PAC-3 MSE, THAAD and Standard Missile; propulsion agreement to nearly triple PAC-3 motor output (July 2026)
  • Lockheed Martin, Camden (Arkansas) — PAC-3 MSE interceptor production: 620 delivered in 2025, target 2,000 a year
  • Lockheed Martin, Troy (Alabama) — THAAD interceptor production
  • Raytheon (RTX), Huntsville (Alabama) — SM-3 and SM-6 interceptor final assembly
  • Raytheon (RTX), Tucson (Arizona) — Missiles and kill vehicles
  • American Pacific (AMPAC), Cedar City (Utah) ◎ — Ammonium perchlorate oxidiser: the only US producer
  • Anduril, McHenry (Mississippi) — New solid rocket motor factory; space-based interceptor prototype firm
  • Ursa Major, Berthoud (Colorado) — Solid rocket motors and engines (new entrant)
  • X-Bow Systems, Luling (Texas) — Solid rocket motors (new entrant)
  • MBDA, Le Plessis-Robinson (France) — HYDIS² hypersonic interceptor concept lead

Launch, ground and operations

  • Cape Canaveral and Kennedy (Florida) — East Coast national-security launch; GEO and MEO warning satellites
  • Vandenberg SFB (California) ◎ — Polar and SDA tranche launches; ground-based interceptor site
  • Starbase (Texas) — Starship launch site; heavy lift for any interceptor layer
  • Wallops (Virginia) — Small-launch site (Rocket Lab Electron and Neutron)
  • Fort Story (Virginia) — Golden Dome's first reported operational site (2026)
  • Buckley SFB (Colorado) — Missile-warning satellite operations
  • Peterson and Schriever SFB, Colorado Springs (Colorado) — NORAD and NORTHCOM; space operations; Golden Dome command and control
  • Grand Forks AFB (North Dakota) — Space Development Agency operations centre
  • Redstone Arsenal, Huntsville (Alabama) — Missile Defense Agency; SDA operations centre; US Space Command headquarters move
  • Fort Greely (Alaska) — Ground-based midcourse interceptors (homeland defence)
  • Arrow 3, Holzdorf (Germany) — First European exo-atmospheric interceptor site (IOC December 2025)
  • Aegis Ashore, Deveselu (Romania) — NATO ballistic missile defence (US SM-3)
  • Aegis Ashore, Redzikowo (Poland) — NATO ballistic missile defence (US SM-3)
  • RAF Fylingdales (United Kingdom) — Ballistic-missile early-warning radar in the US network
  • Ramstein (Germany) — NATO Allied Air Command, Space Centre and missile-defence command
  • Guiana Space Centre, Kourou — European launch site (Ariane 6, Vega C)
  • Andøya and Esrange (Norway, Sweden) — Northern European launch sites
  • Tanegashima (Japan) — Japanese launch site; QZS-7 with a US sensor launched August 2026
  • DARC, Exmouth (Australia) — First Deep Space Advanced Radar site (completed December 2024)

Company and government announcements; Setcoin compilation (October 2026).

05 · Signals to watch

The Next 24 Months

  1. Late 2026First Next-Gen OPIR; NGI design reviewThe main schedule risk in strategic warning, and the ground interceptor's path to 2030.
  2. Q4 2026–Q1 2027FY2027 appropriationsBase budget, second reconciliation law or a full-year continuing resolution decides the scenario.
  3. End 2027Data backbone prototypeGlobal fire-control data transport; further SB-AMTI awards show whether concentration falls.
  4. 2028Initial capability; interceptor decisionAMDT3 and SB-AMTI field; the FY2028 budget shows whether interceptors go to production.

06 · Suppliers

Who Builds the Architecture

Disclosed awards as of October 2026. Tracking is spread across five primes; the newest layers are concentrated.

SpaceX

Data backbone, SB-AMTI, launch, SBI prototype

$6.45B (May 2026 awards)

Lockheed Martin

Tracking, transport, OPIR, NGI, SBI prototype

$1.1B T3 tracking

L3Harris

Tracking incl. HBTSS-like, rocket motors

$843M T3 + AMDT3

Northrop Grumman

Tracking, transport, motors, SBI prototype

$764M T3 tracking

Rocket Lab

Tracking prime

$805M T3 tracking

Sierra Space

Missile warning and tracking variant

AMDT3 (18 satellites)

ULA

National security launch, Lane 2

19 of 54 missions

Blue Origin

National security launch, Lanes 1 and 2

7 of 54 missions

07 · The wars

The Wars Drained the Magazine, Not the Sensors

Ukraine and the 2026 Iran war are the largest tests of layered missile defence ever fought. Space-based warning held; interceptor stocks did not.

>1,500

Ballistic missiles intercepted

By the United States and partners in the 2026 Iran war, to May 2026 (CENTCOM testimony, via CRS).

½–⅔

Of certain US interceptor stocks used

Patriot, THAAD and Standard Missile since June 2025, on CBO's estimate; at least five years to rebuild.

$13.1B

To replace missile-defence interceptors

CBO, September 2026: three-quarters of Golden Dome's whole FY2027 request.

2,000 a year

PAC-3 MSE capacity target

Up from about 600; the same motor and seeker suppliers any interceptor in orbit would need.

08 · Europe

Europe Builds Its Own Layers, Later and Smaller

Secure communications and reconnaissance first, missile warning by about 2030, a home-grown interceptor not before about 2035. The EU's IRIS² grew to 348 satellites at an estimated €15.6 billion; SAFE lends €150 billion; NATO launched the HALO constellation initiative in July 2026.

The flag of Germany with an orbiting satellite (illustration)

Germany

About €35 billion for space security to 2030: SATCOMBw Stage 4 (~200 satellites), SPOCK radar reconnaissance from Rheinmetall and ICEYE, and Europe's first Arrow 3 interceptors.

~€35B
to 2030
≤1,200
satellites planned
The flag of France with an orbiting satellite (illustration)

France

More than €10 billion for military space by 2030, patrol satellites from 2027, and with Germany the JEWEL missile-warning satellites targeted for 2030.

>€10B
to 2030
+€4.2B
added Nov 2025
The flag of the United Kingdom with an orbiting satellite (illustration)

United Kingdom

A £7.8 billion space strategy to 2030 with £2.3 billion for defence satellite communications; Skynet 6A launches in 2027.

£7.8B
to 2030
£880M
space control and ISR

09 · Price tags

Four Estimates, a Twentyfold Range

Published estimates of what Golden Dome will cost, from the Department of Defense's objective architecture to the most capable variant studied.

Published Golden Dome cost estimates

US$ billions

DoD objective architecture (to ~2035)$185B
AEI constrained (20 years)$471B
CBO 2026 (20 years)$1.19T
AEI most capable (20 years)$3.6T

DoD; AEI; CBO (2026), as reported (study chapter 6).

Try the model

Why do the estimates differ so much?

Reconcile the published price tags: change the interceptor layer, the horizon and operations, and see which assumption moves the total most.

Interactive model

Three price tags, reconciled

How do $185 billion, $1.2 trillion and $3.6 trillion relate, and what does the interceptor layer do to the total?

Scenarios
$1.21TTotal over 20 years
60.7%Interceptor layer share
4Interceptor generations bought
CBO 2026Closest published estimate
Your total$1.21T
of which interceptors (build) Interceptors$686B
of which interceptors (launch) Interceptors$47B
of which other acquisition Other$308B
of which operation and support Other$166B
DoD objective architecture (to ~2035) Published$185B
AEI constrained, 20 years Published$471B
CBO 2026, 20 years Published$1.19T
AEI most capable, 20 years Published$3.60T
$B · your total against the published estimates
Show the calculation table
Component$B
Acquisition excluding interceptors308
Interceptors: build686
Interceptors: launch47
Operation and support166
Total1,207
Sensitivity: which input moves the answer most

What moves “Total over 20 years” most: each input 20% lower (left of a pair) and 20% higher

Horizon−33.2 / +217
Interceptor life+183 / +0.000
Space-based interceptors in orbit−150 / +150
Cost per interceptor satellite−125 / +125
Acquisition excluding space interceptors−62.0 / +62.0
Operation and support−34.0 / +34.0
Mass per interceptor−9.4 / +9.4
Launch price−9.4 / +9.4
Total = acquisition excluding interceptors + interceptors × ceil(horizon ÷ life) generations × (unit cost + mass × launch price) + O&S × horizon.With the defaults the model reproduces the CBO total to within a few per cent; the DoD preset sets interceptors and O&S to zero and acquisition to $185B.O&S input is $B a year.

This is one of 5 interactive models in the report. The first 3 chapters of the report are open to everyone; a Space subscription, with a 7-day free trial, opens every model and its Excel file.

10 · Check it yourself

Test This Study Against the Live Record

Every figure in this study comes from the public record. These Setcoin services let you check the companies, contracts and capital behind it yourself.

Setcoin Sectors

Defence contracts on the record

About ten thousand cited defence contracts and awards by organisation, so supplier claims can be checked against programmes of record.

Open the defence record →
Setcoin Sectors

Who is being paid to build

More than a thousand cited R&D awards and prime contracts in space and aerospace, by organisation and readiness gate, from public procurement and grant data.

Open the space record →
Setcoin Verify

Know who you are signing with

Registrations, ownership, sanctions listings and court records on a counterparty, cross-referenced and scored in one report the same day.

See what Verify checks →

11 · The full study

What's Inside

Money and cost

  • Golden Dome: announced versus funded
  • Where the money comes from (reconciliation, base, continuing resolutions)
  • Three price tags reconciled
  • The Space Force budget in context
  • Unit economics of a defence constellation
  • Budget scenarios 2026–2035

Architecture and industry

  • SDA tranches and prices
  • Missile warning, tracking and moving-target indication
  • The data layer and the kill chain in seconds
  • Space-based interceptors: physics and cost
  • Launch, commercial integration and the supplier map
  • Demand map 2026–2035 and industrial bottlenecks

Allies, adversaries and models

  • Lessons from Ukraine and the 2026 Iran war
  • Europe in three chapters: EU and NATO, national programmes, the warning gap
  • Japan and the wider Indo-Pacific
  • China and Russia, from Setcoin satellite-catalogue data
  • Stability, debris and arms control
  • 22-risk register and signals to watch
  • Interactive map of where the demand lands
  • Five interactive models with Excel
  • Award and funding reference tables
Funded vs announced

Budget flow

Every dollar traced from source (2025 reconciliation, FY2027 base, FY2027 reconciliation) to agency and layer, with the second reconciliation law switched on or off.

Three price tags

Cost reconciliation

The DoD's $185B, the CBO's $1.191T and AEI's $3.6T rebuilt from one set of components: acquisition, interceptors, replacement, launch and operation.

Physics to dollars

Absentee-ratio sizing

How many interceptors must orbit for enough to be overhead when missiles launch, from the geometry of reach, latitude and salvo size.

Free data tools

Check the live record yourself

The study's findings move with launches, contracts and filings. These free Setcoin tools show the current public record behind them, refreshed from the catalogues and procurement registers.

Free tool

Constellation Deployment Monitor

8 large constellations against what they are licensed or filed for: satellites launched, re-entered and net pace over twelve months, and the date each milestone is reached at that pace.

Track the SDA’s Tranche 1 launches against its aim of finishing the tranche in 2027, from the satellite catalogue.

Open the monitor →
Free tool

Space Contracts & Tender Radar

607 new US federal space awards and European tenders from the last twelve months, by part or service bought, buyer, country and stage, with the tenders still open.

Follow new US defence space awards, led by the Department of the Air Force, and space surveillance tenders as they are published.

Open the radar →
Free tool

Space Claim Check

Type an operator’s name and see what the public satellite catalogues record: satellites launched, in orbit, operating and re-entered. The full check adds US contracts, SBIR awards, UK and NOAA licences and list screening.

Check a supplier’s or new entrant’s satellite record before a teaming or investment decision.

Check an operator →

Questions

Questions About the Study, Answered

What is Golden Dome?

Golden Dome for America is the US programme, ordered by executive order in January 2025, to defend the homeland against ballistic, hypersonic and cruise missiles and other aerial attacks. It combines space-based sensors, a space data network, ground and sea interceptors and possibly interceptors in orbit, run by a direct-reporting programme manager, General Michael Guetlein.

How much will Golden Dome cost?

It depends on what is built. The Department's estimate for its objective architecture is $185 billion of acquisition out to about 2035. The CBO estimated about $1.2 trillion over 20 years for an architecture built from the executive order, including a large space-based interceptor layer. AEI's six illustrative architectures run from $471 billion to about $3.6 trillion over 20 years.

Why is the CBO estimate so much higher than the Pentagon's?

Because it prices a different system over a longer period. The CBO covers 20 years of development, deployment, replacement and operation, assumes full US coverage and includes several thousand space-based interceptors with five-year lives, which make up about 70% of its acquisition cost. The Department's $185 billion is acquisition only, to about 2035, and the Department has not committed to a large interceptor layer.

Is Golden Dome funded for 2027?

Not as of 21 October 2026. The FY2027 request is about $17.5 billion, but only about $400 million is in the base budget; the rest depends on a second reconciliation law that has not passed. Golden Dome has no FY2026 appropriation, so a continuing resolution provides nothing for it.

What are space-based interceptors, and will they be built?

Small satellites that would destroy missiles during boost phase or midcourse. Because satellites in low orbit move constantly, a constellation needs a hundred or more interceptors for each one within reach of a launch. Twelve companies hold prototype agreements with a $3.2 billion ceiling, aimed at an initial capability in 2028, but the programme's director has said boost-phase interceptors may not make the final architecture.

What is the Space Development Agency's tracking layer?

A constellation of missile-tracking satellites in low Earth orbit bought in two-year tranches from several manufacturers on fixed-price terms. Tranche 3 bought 72 satellites for about $3.5 billion (about $49 million each) for launch in FY2029, and an accelerated tranche bought 36 more for about $1.75 billion, ready for launch in 2028.

Who are the main Golden Dome contractors?

SpaceX holds the data-network backbone ($2.29 billion), the first space-based moving-target-indication award ($4.16 billion), an interceptor prototype slot and the largest share of national security launch. Lockheed Martin, L3Harris, Northrop Grumman, Rocket Lab and Sierra Space build tracking satellites; Lockheed builds the Next Generation Interceptor; ULA and Blue Origin share national security launch.

When will Golden Dome be operational?

The programme plans an initial capability in 2028, tied to the accelerated tracking satellites, the first moving-target-indication satellites and interceptor prototypes. The full objective architecture extends to around 2035. Funding for FY2027 and the FY2028 decision on interceptors will determine whether those dates hold.

What is Europe doing in defence space?

Building secure communications and reconnaissance first. The EU's IRIS² constellation was expanded in August 2026 to 348 satellites, including a 66-satellite defence and security layer, at an estimated €15.6 billion with first launches by 2029, and the EU's SAFE programme lends €150 billion for defence procurement. Germany has committed about €35 billion to space security by 2030, France more than €10 billion and the United Kingdom £7.8 billion of space spending to 2030; NATO's HALO initiative aims to link allied satellites for communications and missile tracking.

What have the wars in Ukraine and with Iran taught about missile defence?

That interceptor magazines run out before sensors do. In the 2026 Iran war the United States and its partners intercepted more than 1,500 ballistic missiles, and the CBO estimates the United States used between one-half and two-thirds of its inventory of certain interceptors, with at least five years needed to rebuild. Ukraine shows that cheap threats must be defeated cheaply and that attackers adapt their missiles within months.

Can Europe detect and intercept ballistic missiles on its own?

Not yet. Europe has no missile-warning satellites and relies on US data through NATO. France and Germany launched the JEWEL early-warning initiative in October 2025, targeting 2030 for its geostationary satellites, building on the EU-funded ODIN'S EYE studies. Germany fielded Israel's Arrow 3 interceptor in December 2025; a European hypersonic interceptor is not expected before about 2035.

How are China and Russia responding to Golden Dome?

Both call it destabilising and are expected to answer with more and more varied missiles rather than a matching shield. China is on course for more than 1,000 nuclear warheads by 2030, launched 91 orbital missions in 2025 and operates about 167 Yaogan reconnaissance satellites. Russia has fielded weapons designed to evade missile defence, parks inspector satellites near US satellites and is assessed to be developing a nuclear anti-satellite weapon.

Is Japan part of the US missile-defence architecture in space?

It is the ally closest to it. Japan pays about a third of the US-Japanese Glide Phase Interceptor and builds half of it, hosts US space-surveillance sensors on its QZSS navigation satellites, and plans satellites to track hypersonic glide vehicles. It is the most likely ally to add tracking sensors to the architecture rather than only consume US data.

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Setcoin Research analyses public budgets, contracts and programmes for information only. It is not investment advice and does not recommend any security.

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