The galactic disk is surrounded by a spheroid halo of old stars and globular clusters, of which 90% lie within 100,000 light-years, suggesting a stellar halo diameter of 200,000 light-years. However, a few globular clusters have been found farther, such as PAL 4 and AM1 at more than 200,000 light-years away from the galactic center. While the disk contains gas and dust which obscure the view in some wavelengths, the spheroid component does not. Active star formation takes place in the disk (especially in the spiral arms, which represent areas of high density), but not in the halo. Open clusters also occur primarily in the disk.

Recent discoveries have added dimension to the knowledge of the Milky Way's structure. With the discovery that the disc of the Andromeda Galaxy (M31) extends much further than previously thought, the possibility of the disk of our own Galaxy extending further is apparent, and this is supported by evidence of the newly discovered Outer Arm extension of the Cygnus Arm. With the discovery of the Sagittarius Dwarf Elliptical Galaxy came the discovery of a ribbon of galactic debris as the polar orbit of Sagittarius and its interaction with the Milky Way tears it apart. Similarly, with the discovery of the Canis Major Dwarf Galaxy, it was found that a ring of galactic debris from its interaction with the Milky Way encircles the galactic disk.

On January 9, 2006, Mario Jurić and others of Princeton University announced that the Sloan Digital Sky Survey of the northern sky found a huge and diffuse structure (spread out across an area around 5,000 times the size of a full moon) within the Milky Way that does not seem to fit within current models. The collection of stars rises close to perpendicular to the plane of the spiral arms of the Galaxy. The proposed likely interpretation is that a dwarf galaxy is merging with the Milky Way. This galaxy is tentatively named the Virgo Stellar Stream and is found in the direction of Virgo about 30,000 light-years away.