Star Wars: The Phantom Missile

The first test in two years of the U.S.'s very expensive and still non-existent missile defense system fizzled, with the interceptor missile failing to even launch, and the target missile landing in the ocean. This particular test cost $85 million, and the U.S. has spent at least $130 billion on developing a missile defense system so far, with $50 billion more planned over the next five years.