WASHINGTON — A wave of defense spending in Europe and renewed military investment in the United States — driven in part by President Donald Trump’s Golden Dome missile defense program — is reshaping the commercial space industry, investors and executives said Oct.8 at a SpaceNews live event .

“Our industry and the outlook for space has very significantly changed during the course of 2025,” said Mark Boggett, chief executive and general partner at venture capital firm Seraphim Space. “What has changed in 2025? I think the answer to that question is Donald Trump. He’s the answer to a lot of questions at the moment.”

Boggett said Europe’s response to shifting U.S. defense priorities has been particularly dramatic. “There’s now a trillion euros of budget in that market with a very signif

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