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Morgan Stanley projects that the establishment of  a U.S. Space Force could help boost privately held SpaceX's valuation high as $120 billion. Cowen Washington Research Group is less optimistic that Trump's call for a Space Force will dramatically boost space spending.
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U.S. Department of Defense headquarters
In this European Space Agency illustration, a satellite breaks up, adding to the growing population of orbital debris. Debris-clearing spacecraft the U.S., China and others have in the works could easily double as anti-satellite weapons. Credit: ESA
“We are going to have the Air Force, and we are going to have the Space Force. Separate but equal. It is going to be something,” President Donald Trump said during a June 18 meeting of the National Space Council. “I’m hereby directing the department of Defense and the Pentagon to immediately begin the process necessary to establish a Space Force as the sixth branch of the armed forces. That’s a big statement.” Credit: NASA/Bill Ingalls
President Trump directs the Pentagon to create a Space Force as a "separate but equal" branch of the military.
Defense Secretary Jim Mattis at U.S. Northern Command headquarters in Colorado Springs, Colorado. Credit: DoD
George Nield
U.S. Air Force Gen. John “Jay” Raymond.

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