The United States has publicly confirmed for the first time that it has weapons deployed in orbit. The revelation could accelerate spending on missile defense, military satellites and space security, creating opportunities for defense stocks and space ETFs while raising the risk of a costly new arms race. Air Force Secretary Troy Meink delivered the news almost casually during the Air, Space & Cyber Conference in Maryland. “We are increasing readiness against existing threats, and the United States has on-orbit space control weapons capable of defending the Joint Force against hostile adversary action,” Meink said. Then the details stopped. Meink...