Wall Street Breakfast Trumps ‘Golden Dome’
4 snips
May 21, 2025 Trump proposes an ambitious $175 billion missile defense system, dubbed the 'Golden Dome.' Meanwhile, Ford is partnering with Nissan to share resources for electric vehicle production, showcasing collaboration in the auto industry. On a darker note, Wolfspeed faces severe financial challenges, with bankruptcy rumors hovering over the company. The discussions dive into the intricacies of these developments and their impacts on the market.
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Golden Dome Missile Defense Insight
- The Golden Dome is a $175B missile defense program that integrates space-based weaponry for the first time.
- It aims for multi-layered interception from pre-launch to terminal descent using land, sea, and space systems.
Golden Dome Timeline Realism
- A U.S. official doubts full Golden Dome readiness by Trump's term end due to technology complexity.
- The project is led by the current vice chief of space operations to expedite development.
Ford-Nissan EV Battery Collaboration
- Ford will let Nissan use part of its Kentucky EV battery plant to mitigate tariff impacts.
- This reflects increasing automaker collaboration amid weak EV demand and high costs.