{"id":27916,"date":"2025-05-20T22:21:31","date_gmt":"2025-05-20T22:21:31","guid":{"rendered":"https:\/\/financialrush.com\/?p=27916"},"modified":"2025-05-20T22:21:31","modified_gmt":"2025-05-20T22:21:31","slug":"donald-trump-says-175bn-golden-dome-will-be-completed-during-his-term","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=27916","title":{"rendered":"Donald Trump says $175bn \u2018Golden Dome\u2019 will be completed during his term"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=e3fb1a54-cf69-4cd3-916f-492360fd178b&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Donald Trump has put a $175bn price tag on the development of a \u201cGolden Dome\u201d missile defence shield, promising the project would be \u201coperational\u201d by the end of his term.<\/p>\n<p>The so-called Golden Dome \u2014 whose name is a nod to the renowned \u201cIron Dome\u201d shielding Israel \u2014 will be completed in two-and-a-half to three years, the US president said in an announcement from the Oval Office. The <a href=\"https:\/\/www.ft.com\/content\/1acfb18b-4543-4c21-8df5-b8860a7cd1e2\" data-trackable=\"link\">tax and budget bill<\/a> before Congress includes $25bn to \u201chelp construction get under way\u201d, he added.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/donald-trump\" data-trackable=\"link\">Trump<\/a> also said that Canada \u201chas called us, and they want to be a part of it\u201d and \u201chave protection\u201d as well. \u201cWe\u2019ll work with them on pricing.\u201d<\/p>\n<p>The president set the Golden Dome project in motion in the first week of his second term with an executive order demanding the most ambitious, cutting-edge missile shield in US history: one that can destroy hypersonic missiles and prevent nuclear annihilation.<\/p>\n<p>Flanked by defence secretary Pete Hegseth, several US senators and US Space Force General Michael Guetlein, who will lead the project, Trump said on Tuesday that the Golden Dome would \u201cdeploy next-generation technologies across the land, sea and space, including space-based sensors and interceptors\u201d.<\/p>\n<p>But those interceptors \u2014 a web of satellites, some equipped with lasers \u2014 to detect, intercept and destroy ballistic nuclear missiles, require technology that does not yet exist. Given the unproven technology, there are\u00a0<a href=\"https:\/\/www.ft.com\/content\/62c01967-0100-46ee-9f4f-e9af467d7604\" data-trackable=\"link\">huge hurdles<\/a>\u00a0for Golden Dome, which is akin to Ronald Reagan\u2019s so-called Star Wars programme from the 1980s.<\/p>\n<p>\u201cRonald Reagan wanted it many years ago, but they didn\u2019t have the technology,\u201d Trump said. \u201cOnce fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world, and even if they are launched from space.\u201d<\/p>\n<p>He talked up the importance of Silicon Valley to realise his vision. \u201cWe have things that nobody else can have\u201d in terms of technological development, Trump said. \u201cA very big adversary told me \u2018the most brilliant people in the world are Silicon Valley\u2019.\u201d<\/p>\n<p>Newer tech players such as Elon Musk\u2019s SpaceX and start-ups Anduril and Palantir are expected to be involved in the Golden Dome alongside legacy defence contractors such as Lockheed Martin and RTX.<\/p>\n<p>Aerospace and defence companies are already preparing to fight for fresh contract dollars. Lockheed set up a webpage declaring its readiness for this \u201cManhattan Project-scale mission\u201d, referring to the second world war-era programme to develop the atomic bomb. So far there are no agreements with specific companies.<\/p>\n<p>Trump was confident that Congress would continue to fund the Golden Dome as it develops: \u201cIt\u2019s amazing how easy this one is to fund,\u201d he said against the backdrop of a larger battle over his sweeping tax bill.<\/p>\n<p>The project, however, could easily surpass its $175bn price tag. The non-partisan Congressional Budget Office estimated that developing and launching the space-based interceptors could cost up to $542bn over 20 years.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"62c01967-0100-46ee-9f4f-e9af467d7604\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/62c01967-0100-46ee-9f4f-e9af467d7604\" data-trackable=\"image-link\" data-trackable-context-story-link=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2048\/1152\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>Last week the Defense Intelligence Agency released a <a href=\"https:\/\/www.dia.mil\/Portals\/110\/Documents\/News\/golden_dome.pdf\" data-trackable=\"link\">threat assessment<\/a> illustrating the types of attacks China, Russia, Iran and North Korea could launch with sophisticated missiles that Golden Dome is meant to shield against.<\/p>\n<p>Meanwhile, Democrats including senator Elizabeth Warren have raised conflict of interest concerns over SpaceX\u2019s potential involvement in the project given Musk\u2019s role in the Trump administration.<\/p>\n<p>A group of 42 Democratic lawmakers, led by Warren, asked the top defence department watchdog earlier this month to \u201cconduct a review of the Pentagon\u2019s process to award the \u2018Golden Dome\u2019 missile defence shield contract, including any involvement by Elon Musk in that process\u201d since it is possible his company is a \u201ctop contender for the Golden Dome contract because of Mr Musk\u2019s position in the government\u201d.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/e3fb1a54-cf69-4cd3-916f-492360fd178b\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington,&hellip;\n","protected":false},"author":7,"featured_media":27917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-27916","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/27916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27916"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/27916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/27917"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}