Donald Trump's proposed 2026 budget significantly boosts space spending, largely benefiting Elon Musk's SpaceX. A 13% increase at the Pentagon, focused on missile defense and lunar/Mars missions, aligns with Musk's priorities. This substantial funding increase, achieved through budget reconciliation, could funnel billions to SpaceX, contingent on Congressional approval. The plan includes a new Golden Dome missile defense system.

Prepared by Christopher Adams and reviewed by editorial team.