NASA’s Commercial LEO Destination Budget Holds Up, But Program Will Be Rescoped
Amid the NASA budget bloodbath, the Commercial LEO Destinations program has emerged still standing.
Amid the NASA budget bloodbath, the Commercial LEO Destinations program has emerged still standing.
NASA has paid out $2.6B of SpaceX’s Human Landing System (HLS) contract, representing 65% of the $4B current award amount and 58% of the $4.5B potential award amount.
The $260M Series C is a monster raise for a company founded just three years ago, with a choppy history of execution, and playing in an unproven space domain awareness market.
If the cuts are enacted (big if), the impact would be felt industry-wide, but it is A&D primes, like Northrop Grumman, Lockheed Martin, Boeing, and RTX, that are poised to suffer the most with the multi-billion-dollar programs squarely in the White House’s crosshairs.
Regardless of how you slice it, Golden Dome is a major undertaking, requiring far more than the $24.7B that the House Armed Services Committee recently earmarked for the program.
The funding still has a long way to go before it becomes law, and may get whittled down—but dang that’s a whole lot of golden dough.
To better understand how Trump’s tariffs will impact the space industry, we spoke with leaders from five space businesses in five different sectors (rocket, satcom, Earth observation, propulsion, and components).
After years of investor malaise and memes about the region’s lack of innovation, investing in the EU is suddenly back in vogue.
The Space Development Agency (SDA) announced last week it is pushing the launch of its Tranche 1 satellites until late summer due to system readiness and supply chain issues.
Eutelsat stock has surged over 500% this week, adding more than $3B in market cap, driven by expectations of increased usage and a priority on EU defense.