President Donald Trump’s ambitious missile defense initiative, dubbed “Golden Dome,” is beginning to take shape, and according to J.P. Morgan, the $175 billion project could generate significant near-term opportunities for U.

The Golden Dome would involve space-based interceptors, which Congress estimated would cost between $162 billion to $542 billion over 20 years.

Russia and China already possess thousands of weapons that could hit the U.S. homeland that the "Golden Dome" will ideally intercept once operational.

Donald Trump initiated the Golden Dome project to shield the US from missile attacks. This ambitious plan aims to intercept threats from any location. The project faces technical and financial hurdles.