Trump to announce $25 bln funding for Golden Dome - Politico

Trump to announce $25 bln funding for Golden Dome - Politico

President Donald Trump is set to announce the allocation of $25 billion in funding for the Golden Dome missile defense shield on Tuesday, according to a U.S. official. The announcement is expected to take place in the Oval Office at 3 p.m. (1900 GMT) with Secretary of Defense Pete Hegseth present [2].

The Golden Dome initiative, championed by Trump, envisions a space-based missile defense system capable of protecting the U.S. homeland from advanced threats, including intercontinental ballistic missiles (ICBMs) and hypersonic weapons. The Pentagon has submitted multiple proposals to the White House, with estimates suggesting the full implementation could cost over $500 billion over the next 20 years [1].

The funding announcement comes amidst growing concerns over the execution and feasibility of the project. The Pentagon has faced delays in delivering implementation options, with Trump initially directing the Pentagon to submit options by March 28, but the White House didn't receive them until nearly a month later [1]. Additionally, internal frustrations over responsiveness from Defense Secretary Hegseth's team have fueled concerns about the program's execution.

Despite these challenges, the Golden Dome initiative has garnered significant interest from private contractors. SpaceX, Anduril, and Palantir (NASDAQ:PLTR) have all pitched their involvement in the project, with Defense Secretary Pete Hegseth indicating a preference for their offerings [1]. The initiative is expected to involve a "golden dome czar" to oversee its development and deployment, with General Michael A. Guetlein among the top candidates for the role [1].

The funding announcement is a significant step forward for the Golden Dome program, but it remains unclear what the exact path forward will be. The initiative faces both political scrutiny and funding uncertainty, and its success will depend on the effective integration of government agencies and private contractors [3].

References:
[1] https://www.investing.com/news/stock-market-news/trumps-golden-dome-missile-shield-could-cost-over-500b-over-20-years-cnn-4052618
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3RS0J3:0-trump-to-make-golden-dome-announcement-on-tuesday-us-official-says/
[3] https://www.cnn.com/2025/05/19/politics/golden-dome-missile-shield-price-billions