He said that the report "identifies concrete steps that our administration will take to lay the foundation for a new Department of the Space Force". Twitter says, "Yes, but will Space Force members get to dress like Stormtroopers?" "Space is essential to the nation's security and prosperity".
Its creation however is not a done deal, as it needs to be approved by Congress, and the concept has met with some skepticism from lawmakers and defense officials who are wary of the cost and added bureaucracy.
In addition to the planned authorization of an additional $8 billion for investment in space, Pence said the president's fiscal 2020 budget proposal next February will contain resources to begin building the Department of the Space Force in earnest.
Pence argued that the United States did not start this arms race.
This will be an "elite group of joint war fighters specializing in the domain of space", and it will draw its ranks from men and women from across the military, according to Pence.
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The report to be released today represents a critical step toward establishing the Space Force, he said.
The DoD report dated August 9 is titled "Final Report on Organizational and Management Structure for the National Security Space Components of the Department of Defense".
Responding to Thursday's outlining of plans for a Space Force, Democrats were withering about Mr Trump's ambitions.
US Vice President Mike Pence: "Just as we've done in ages past, the United States meet the emerging threats on this new battlefield. The president has articulated a compelling vision for a Space Force that protects the USA economy and way of life". Supporters at some recent campaign events have also broken out in "Space Force" chants at the mention of the concept.
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Opinions on the Space Force in Congress have been divided. And Russia is working on an airborne laser to disrupt space-based systems, he added.
On Tuesday, however, the Pentagon chief said he fully supported the idea of creating a new US Space Command.
The creation of a role called the Assistant Secretary of Defense for Space.
The Space Force would be responsible for a range of crucial space-based USA military capabilities, which include everything from satellites enabling the Global Positioning System (GPS) to sensors that help track missile launches.
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Defense One, a news outlet focused on the military, recently reported that the combatant command would be led by a four-star general and that there would also be an agency focused on buying satellites, citing a draft copy of a report due to Congress soon.