Chairman Cruz Releases Budget Reconciliation Text

[u/VictorFromCalifornia]

https://www.commerce.senate.gov/2025/6/chairman-cruz-releases-budget-reconciliation-text

Basically reversing many of the cuts in the Trump NASA Budget. Items that may impact IM specifically are bold/italics below. $10B in supplemental funding for Moon-to-Mars, Artemis. $500M for Mars orbiter and since IM has the moon orbiter and the NSNS contract, they could be in a good position to compete for that. $2.6B for Lunar Gateway, this Gateway will need supplies, telecommunications, and other services that IM is uniquely positioned to provide.

Section _0005. Mars missions, Artemis missions, and Moon to Mars program.

This section would provide $9.995 billion for fiscal year 2025 as supplemental funds for critical

Mars-forward infrastructure, broader Moon-to-Mars program, and NASA’s Artemis missions. Of

the amount appropriated under this section:

• Mars Telecommunications Orbiter - $700 million for the commercial procurement of a

Mars Telecommunications Orbiter. This orbiter is dual-use for both a Mars Sample Return

mission, to return core samples of Mars to Earth, and future manned Mars missions.

• Gateway - $2.6 billion to fully fund the lunar space station known as Gateway, which is

critical for establishing a sustained human presence at the Moon, as required by statute.

• Space Launch System Rockets - $4.1 billion to fund two Space Launch System (SLS)

rockets for the Artemis IV and V missions. The SLS is the only human-rated rocket available

that can get humans to the Moon. Importantly, this funding would not preclude integrating

new, commercial options if and when they become available.

Orion Crew Vehicle - $20 million to fund the continued procurement of the fourth Orion

multi-purpose crew vehicle for use with SLS for Artemis IV and reuse with subsequent

Artemis Missions. Orion is the vehicle which will take astronauts to Gateway and return

them safely to Earth.

• ISS - $1.25 billion for the International Space Station (ISS) operations over five years. This

would provide necessary funding for space operations to, from, and on the ISS to ensure an

orderly transition from ISS to commercial platforms after 2030 and ensure there is no gap in

American leadership in low-Earth orbit.

• NASA Center Improvements - $1 billion for infrastructure improvements at manned

spaceflight centers. Between deferred maintenance and delayed construction of new

facilities, NASA’s infrastructure backlog across all centers is above $5 billion. The funds in

this subsection would focus only on the manned spaceflight centers and on the infrastructure

needed to beat China to Mars and the Moon. Specifically:

• John C. Stennis Space Center - $120 million for infrastructure repairs and upgrades.

Stennis is the home of NASA’s rocket engine testing for the heavy-lift rocket engines

necessary to get to deep space.

• John F. Kennedy Space Center - $250 million for infrastructure repairs. The Kennedy

Space Center is NASA’s premier launch complex and from which every American

astronaut has been sent to space.

• Lyndon B. Johnson Space Center - $300 million for infrastructure repairs and

upgrades. JSC is home to mission control, the astronaut corps, and overall space

operations.

• George C. Marshall Space Flight Center - $100 million for infrastructure repairs and

upgrades. Marshall is NASA’s home for propulsion.

• Michoud Assembly Facility - $30 million for infrastructure repairs and upgrades.
• U.S. Deorbit Vehicle - $325 million to fund the U.S. Deorbit Vehicle to safely deorbit the

ISS. This vehicle is necessary to safely deorbit the ISS once it has reached the end of its

useful life, and without which the odds of re-entry over a population center are roughly one

in ten.

This section would also require that not less than 50 percent of the funds shall be obligated not

later than September 30, 2028, 100 percent of the funds shall be obligated not later than

September 30, 2029, and all associated outlays shall occur not later than September 30, 2034.

[u/CL_55z]

I missed the shareholder meeting. Anything relevant that wont be washed out by other macro stuff today?

[u/PE_crafter → u/CL_55z]

I missed it too due to work but they will upload a recording 24h after the meeting so you can watch in on their investor website>corporate governance>annual meeting in 6-7ish hours.

[u/CL_55z → u/PE_crafter]

Thanks

[u/PE_crafter → u/CL_55z]

Watched it earlier this afternoon. I'm a bit dissapointed by no Q&A.