Keith’s note: The White House brags about their new Intel equity stake – one that the President openly says they got for “free” – something that’s worth billions. Now they’re looking at doing the same thing in big aerospace. Valuation is linked to income/profit. Therefore government will be incentivized to spend more on aerospace things or accept inflated costs since that drives up income – and thus government’s valuation. What an interesting way to repurpose taxpayer’s money, yes? Also a bad way to keep costs down – or hide cost overruns. And it sure smells like a Ponzi scheme. Just sayin’ See “Kevin Hassett Says US Government’s Equity Stake In Intel Is Like A Down Payment On A Sovereign Wealth Fund” and “Trump administration mulls taking stakes in defense firms including Lockheed Martin“

Keith’s note: Last week two internal NASA directives dropped – except NASA has yet to officially release them: NASA Commercial LEO Space Stations Acquisition Strategy and Directive on Fission Surface Power (FSP) Development.

• From what I have managed to piece together these things were pitched in an end run directly to Sean Duffy – outside of the usual process of surfacing such things to the Administrator – especially in Directive form ready for signature. Both directives were signed on the same day – surprising everyone. Associate Administrators and Center Directors were not alerted or asked for comment. And in the case of the CLD directive, industry was left in the dark and they are not happy.
• Meanwhile, Congress is wondering what passes for planning and transparency at NASA given that the agency is actually adhering to the PBR being the scenes – but saying that they are adhering to Congressional budget intentions when pressed for public content. NASA cant have it both ways.
• Both directives built upon some ideas that had been developed over the past several years and have been kicking around NASA in one form or another. Chief of Staff Brian Hughes has zero experience with spaceflight engineering – so he leans heavily on a couple of his favorite people for ad hoc Rocket Science 101 to find exciting things to pass on to Duffy.
• Duffy is a part timer. Hughes is a gate keeper. NASA needs a real, full time leader – now.

Keith’s note: The White House put out a commercial space policy executive order today that says: “It is imperative that we build on the far-reaching actions taken by my Administration during my first term to ensure that new space-based industries, space exploration capabilities, and cutting-edge defense systems are pioneered in America rather than by our adversaries. Ensuring that United States operators can efficiently launch, conduct missions in space, and reenter United States airspace is critical to economic growth, national security, and accomplishing Federal space objectives.” There is a fact sheet too.

Keith’s note: ICYMI missed the NASA CLD Directive post the other day NASA Commercial LEO Space Stations Acquisition Strategy you are not alone since NASA is not talking about it either. No mention of this major change is made by @NASA or NASA.gov or here on their CLD page. In a nutshell:

• Upon performing a reassessment, Space Operations Mission Directorate (SOMD) and CLDP have determined the CLD acquisition strategy must be altered. Instead of moving forward in Phase 2 with a firm fixed price contract for CLD certification and services, NASA will continue to support U.S industry’s design and demonstration of CLDs with multiple funded SAAs for the next phase. NASA will shift the formal design acceptance and certification planning acceptance from this SAA phase to a follow-on certification phase.
• Utilizing SAAs for the next phase better aligns with enabling development of US industry platforms. It provides greater resources for industry to align schedule with NASA’s needs. SAAs also provide more flexibility to deal with possible variations in funding levels without the need of potentially protracted and inefficient contract renegotiations.

Keith’s note: Multiple sources have mentioned ongoing discussion at NASA HQ, NASA Goddard, and NASA Wallops that consider the option of moving toward a Government-Owned, Contractor-Operated (GOCO) model for the future of Wallops.

Keith’s note: according to a 31 July 2025 NASA Directive titled “Directive on Revised Commercial Low Earth Orbit (LEO) Destinations (CLD) Phase 2 Acquisition Strategy“ (see below) says “To ensure mission continuity, affordability, and national alignment, this directive includes accountability measures, transition planning, and performance metrics for industry participation. The CLD Program shall support commercial viability while enabling NASA’s safe and sustainable transition from ISS operations.”

Keith’s note: I was just on CNN International doing live commentary during the launch of Crew 11 to the International Space Station on board a SpaceX Falcon 9/Dragon [Audio]. I was on CNN again at 6:40 pm EDT. [Audio]

Keith’s note: I was just on Bloomberg TV for the SpaceX Crew 11 launch which was scrubbed due to weather. I stayed on and talked about NASA layoffs, budget issues, and Ted Cruz’s support for the International Space Station – and moving the Space Shuttle to Texas. Let’s see what happens tomorrow. [Audio]

Keith’s note: a few minutes ago, during a routine pre-flight test, SpaceX Ship 36 blew up. Video below.

Keith’s note: Space analyst Laura Seward Forczyk just tweeted that the ISS Research & Development Conference has been cancelled. If this is true (and my sources tell me that it really is true) then NASA has decided to stop telling people why LEO research is important. The FY 2026 budget reduces research on ISS – but does not cancel it. OMB documents talk about commercial LEO space stations picking up on that work from ISS. So why not promote a generation of ISS research – the basis upon which the next LEO effort will be based? Clearly NASA has absolutely no idea what they are going to do after the budget cuts take effect and 1/3 of its work force has been RIFed. Oddly there’s the ‘Beat China’ meme in these budget documents and White House rhetoric. Fine. The best way to let China win in LEO is to diminish ISS as fast as possible and let China attract more customers in the interim years. This is baffling in the extreme. Embrace The Challenge y’all.

Keith’s 28 May Update: I just did an interview with Al Jazeera about the SpaceX Starship 9 flight Audio. Keith’s 27 May note: I just did live coverage of the SpaceX Starship Flight 9 mission on Bloomberg Radio. After two last minute holds the rocket lifted off re-using a first stage that had already flown – 29 engines were being re-flown – and one of them was being flown for its third flight. After staging the first stage was brought back – but under heightened stress loads to test the vehicle. Just as the landing burn was going to happen telemetry stopped and SpaceX confirmed that “Heavy just demised” in SpaceX lingo. The Ship (second stage) made its way into space and tested some engines. The plan was to deploy 8 Starlink demonstrators but the payload door would not open properly so that task was aborted. Upon re-entry the vehicle lost control and spun and was eventually lost.

Keith’s note: I give up. When female space youtubers like Eliana Sheriff @esherifftv go out of their way to mock a mission with women going into space – comparing them to chimpanzees – why should the rest of us even bother trying to knock down all the space misogyny. Here’s the video: https://www.youtube.com/watch?v=J-B_ISPE3mc

Keith’s note: Yesterday 6 people on the Blue Origin NS-31 flight crossed the Kármán line and entered “space”. More people – some of prominence – now speak of the value of – and the awe encountered in – space. Alas, lots of space folks on social media say that they’re not “astronauts”. I wonder how many space fans would change their mind if they had a chance to do the same thing. Just sayin’. FWIW soon-to-be NASA Administrator Jared Isaacman (an astronaut) said this from a more lofty perspective:

Keith’s note: Apparently the crew of the Blue Origin NS-31 suborbital flight had a great time today. I did live launch/landing coverage on Bloomberg radio/YouTube and then did an interview on Deutsche Welle TV [audio].Video below Every now and then some of that space conference swag comes in useful as a prop when you need to illustrate some rocket science. In this case the squishy Blue Origin capsule.

Keith’s note: For all of you Space Symposium fans who think we’re on the verge of a commerce golden age in space or that U.S. will #MakeSpaceGreatAgain and devote big bucks to space science, Moon, Mars, new space stations, Space Force etc. Just look at what the tariff thing did in mere days to our economy. Do the math. Where is the money going to come from? Discuss this among yourselves.

Keith’s note: The Fram2 crew and their SpaceX ship “Resilience” are in orbit after a flawless ride uphill. I did launch commentary on Bloomberg Radio [audio] and was also on Deutsche Welle TV [audio].

Keith’s note: The Aerospace Industries Association just put put their self-serving and totally anodyne “Space Priorities 2025“. Its all bland happy talk – as if nothing was really happening these days when it comes to the health and well being of the aerospace sector. With all of the swirling concern over budget cuts, program cancellations, and layoffs, you’d think that a non-profit established to be concerned about the aerospace sector would be a little more proactive in discussing these threats. Guess again.

Keith’s note: The Starship 8 launch resulted in yet another flawless catch of the Heavy booster first stage and the loss of the Ship upper stage.

Keith’s note: I was just on Deutsche Welle TV talking about the IM-2 landing [audio]. The Intuitive Machines Athena Lander is on the Moon. They are shutting down things that are not needed and safing the spacecraft. Power is being generated from solar panels and surface ops have begun. Mission control is waiting for some images and other data so as to see how the vehicle is oriented on the lunar surface. Things were a little confusing to those of us looking over the team’s shoulder as the landing occurred. They apparently had multi-path issues i.e. radio waves taking multiple paths bouncing off of mountains and craters and possibly confusing things a bit. This was expected in places such as the lunar South Pole. I was also on Bloomberg Radio during the landing. I’ll be back on Bloomberg radio and television tonight for the SpaceX Starship 8 launch.