US President Donald Trump’s administration is planning a 25% cut to NASA’s budget and a 47% reduction in science funding. This move could severely impact the US space program. The president also withdrew the nomination of Jared Isaacman, who was previously praised by Trump supporters. Furthermore, Trump threatened to terminate government contracts with SpaceX and its CEO Elon Musk.
Source: https://www.bloomberg.com/opinion/newsletters/2025-06-05/trump-threatens-spacex-contracts-as-musk-attacks-president-on-x