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ispace (9348) · RiskBudget cuts and accelerated investment presented together

NASA Budget Cuts and Uncertainty Surrounding the Future Artemis Program

First written in FY2025. 1 of 3 entries say "Worsened", first in FY2026-H1. Latest entry: FY2026.

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ProgressHeldSoftenedWorseFirst statedFY2025WorsenedFY2026-H12025: 220252026: 12026
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  1. FY2026Budget cuts and accelerated investment presented togetherAnnual report

    「NASA’s budget plan announced in May 2025 called for an overall reduction in the budget, while in March 2026, at an event called IGNITION (Japanese translation: “ignition”), an investment totaling approximately ¥3 trillion was announced, with a focus going forward on developing a base on the Moon. Numerous updates to plans relevant to our business have also been announced.」

    In addition to NASA’s proposed budget cuts, described the announcement at IGNITION of lunar base development and investment totaling approximately ¥3 trillion. It also stated that uncertainty remains because specific future implementation plans may be changed by the administration or other factors.
  2. FY2026-H1WorsenedAnnual report

    「In particular, under the second Trump administration in the United States, a substantial reduction in NASA’s fiscal 2026 budget and the cancellation of certain large-scale projects have been announced. The outlook remains uncertain, including the large number of NASA employees who are presumed to have offered early retirement partly as a result.」

    In addition to the previous budget-cut plans and uncertainty surrounding Artemis 4 onward, described NASA’s fiscal 2026 budget cuts, the cancellation of large-scale projects and employees’ offers of early retirement. At the same time, a budget of approximately US$250 million is planned for CLPS.
  3. FY2025First statedAnnual report

    「NASA’s budget plan announced in May 2025 calls for an overall reduction in the budget. Although CLPS and Artemis 2 and 3 are planned to proceed, the specific implementation plans for future Artemis missions and related activities, including Artemis 4 onward, remain uncertain.」

    Described NASA’s proposed budget cuts and the uncertainty surrounding future plans, including Artemis 4 onward, as new risks in the business environment.
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NASA Budget Cuts and Uncertainty Surrounding the Future Artemis Program | ispace,inc. (9348) | Komori