The object was much smaller than the Chinese spy balloon shot down last week. The object was shot down by an F-22 using an A9X missile and has been located by the military.
Location of Debris and Analysis
The debris from the object has been recovered and loaded onto vessels for further analysis. The military has located a significant amount of debris that will help understand the balloon's surveillance capabilities. The military has no further details about the object's capabilities, purpose, or origin.

Authorization from President Biden
President Biden authorized him to take down the surveillance balloon as soon as the mission could be accomplished without undue risk to American lives under the balloon's path. The balloon was shot down over territorial waters after careful analysis determined that taking it down over land posed an undue risk to people.
Conclusion
The U.S. military shot down the object in territorial waters over Alaska to ensure civilian flight safety. The object was much smaller than the Chinese spy balloon shot down last week. The military has recovered a significant amount of debris from the object and will analyze it further to understand its capabilities, purpose, and origin.