Donald Trump announced the development of a multibillion-dollar missile defense system called 'Golden Dome' to protect the US from foreign strikes using ground and space-based weapons.
The $25bn funding allocated by Republicans for the initial phase may grow to over $540bn in the next two decades. Trump set the total cost for implementation at $175bn.
US space force Gen Michael Guetlein will oversee the project, which is expected to be a partnership with major defense contractors including SpaceX.
The project aims to track and intercept missiles from strategic foreign adversaries like China, Russia, and North Korea, with proposed three-tier options named silver, gold, and platinum-dome.