True Anomaly, a four-year-old startup focused on developing space interceptors for President Donald Trump's Golden Dome initiative, announced on Tuesday that it has secured $650 million in new funding.
The company's valuation now stands at $2.2 billion, with the total capital raised reaching $1 billion.
The funds will be allocated to scale production and expand the workforce significantly over the next year.
The development has sparked interest in the semiconductor and defense sectors, as the startup's technology is expected to play a key role in the Golden Dome project.
While the direct market impact remains to be seen, the funding round highlights growing investor confidence in space-related technologies and their potential applications in national security.
The Golden Dome initiative, a cornerstone of Trump's infrastructure and defense strategy, aims to create a layered missile defense system in space.