Breakdown from the article for people who are lazy.
$19.2 billion for research, development, testing and engineering (RDT&E)
$4.7 billion for procurement
$4.9 billion for operations and maintenance
$1.2 billion for military personnel
It's a LOT of money, doubling the USSF budget from 2021. It's more than NASA's budget in the same year, and a good chunk of NASA's budget goes into aeronautical research. And two thirds of that massive number is going into R&D. That's a huge perk of the Air/Space force split, is that there's now an incredibly well funded US government branch exclusively funding new space tech, and then buying a lot of it too. That's going to dramatically increase the amount of new tech available to everyone as these same companies will reuse what they develop on other satellites.
A lot of that money is going into LEO satellites, and a lot of it into new launch vehicles. There's a huge focus on smaller spacecraft that can be built faster and sent up cheaper, and it looks like micro/picosat constellations are now definitely the way forward.
More funding means more actors in space means more spacecraft means more people involved means growing industry. We're all gonna make it 
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It's kinda sad that the best motivation for developing any kind of technology is the potential of using it to kill a load of people, but I'll be darned if it doesn't get results. Somebody needs to figure out the military applications of catgirls ASAP
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