"Golden Dome" overruns – $1.1 trillion

According to Bloomberg estimates, the actual cost of the 'Golden Dome' project is about 1.1 trillion dollars, while President Joe Biden has pledged to invest only 175 billion. This exceeds the planned amount by over 500%. Experts warn that the system might not be launched before 2029.

In an interview with financial media, U.S. Treasury Secretary Scott Bessent noted that if Chinese AI proves more powerful, the entire project could become meaningless, as Beijing could technically bypass the American system. Critics point out that increased costs and technological risks raise questions about the effectiveness of this new tool against nuclear threats.

This news is of interest because of how much funding has been allocated to international military developments and how they compare with Chinese technological achievements.

Context

"Golden Dome" is a missile defense system being developed by the United States to protect against nuclear threats. It involves coordination of military technologies and broad international support.