The DownLink Podcast

With Wall Street indices at new highs, plus a roughly $40B FY2026 budget for the U.S. Space Force, and the tens of billions the Trump Administration wants to spend on the missile defense program "Golden Dome," is it time to pop the champagne? Laura Winter speaks with The DownLink Podcast regulars Chris Quilty, founder of Quilty Space; and George Pullen, Partner and Chief Economist at MilkyWayEconomy.

The Trump Administration’s 2026 budget for the U.S. Space Force, counting the Big Beautiful Bill’s funding, comes to about $40 billion dollars. Does this unorthodox, difficult to follow, bifurcated legislative process make this bump “ a one-time sugar high?” Laura Winter speaks with Todd Harrison, Senior Fellow, American Enterprise Institute, and much respected NASA and Defense Department budget diviner; and Sam Wilson, Director, Strategy and Program Support, Center for Space Policy and Strategy, at The Aerospace Corporation.

The Chairman of the Joint Chiefs of Staff, Gen. Dan Caine, said that in preparation for Operation Midnight Hammer, two Defense Threat Reduction Agency analysts studied activities at the Fordo Uranium Enrichment Plant for 15 years by pouring over imagery. That was satellite imagery, which is now at risk of being cut according to the White House’s FY2026 budget request for the National Reconnaissance Office. Laura Winter speaks with Susanne Hake, General Manager of Maxar Intelligence’s U.S. Government business; Hector Falcon, Watch Center Director at the Space Information Sharing and Analysis Center (Space-ISAC); and Clint Clark, Vice President of First Impressions at ExoAnalytic Solutions.

As Australia’s former Prime Minister Scott Morrison called for additions to the 2021 AUKUS Agreement that would strengthen the security pact in the space domain, Australian space companies began a tour of the United States to find partners and investors. Laura Winter speaks with Steven Marshall, South Australia’s former Premier, now President of the American Australian Association; Jeremey Hallett Chairman of Southern Launch, and Chairman of Australia’s Space Industry Association; and Matt Tetlow, Founder & CEO of Inovor Technologies.

Elon Musk regrets “some” of his recent posts about U.S. President Donald Trump. Phew! But their relationship’s rapid unscheduled disassembly, or RUD, reveals how vulnerable civil and national security missions, even the “Golden Dome” program, are to the dramatic vagaries of this relationship. Laura Winter speaks with Todd Harrison, Senior Fellow, American Enterprise Institute, and much respected NASA and Defense Department budget diviner.