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The financial frontier: Charting NASA's budget, as moon missions return

The financial frontier: Charting NASA's budget, as moon missions return

Houston, we have a crew

NASA has revealed the astronauts set to blast off for the Artemis II assignment — the first crewed moon mission in more than 50 years.

Slated to launch in November 2024, Artemis II is a flyby mission, set to test the spacecraft’s systems, instrumentation and deep-space capabilities in order to pave the way for another set of lunar surface landings. The plan, if all goes well, is to have boots on the moon in 2025, some 56 years since the late Neil Armstrong took perhaps the most famous step in history. Next stop, maybe Mars.

Space: the expensive frontier

The missions aren’t cheap — the bill for the Artemis campaign is likely to be north of $90bn over its 13-year lifetime — but compared to the spending of the 1960s, NASA’s recent budgets have been relatively restrained. NASA’s spending has hovered just under 0.5% of the Federal total, some way off the astronomical spending of 1966 when the agency accounted for $1 in every $23 spent by the US government.

Much has changed since the days of the space race, and although the relationship between Russia and the US remains fraught, the battle for space supremacy has given way to conflicts closer to home. These days China, the US and private companies are the major powers competing in the stars. Beijing has its own goal to land astronauts on the moon before the end of this decade — competition for hotly-contested resources could soon spread to the moon.

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Delta to increase bag fees by $10 on domestic flights this week, following JetBlue and United, as jet fuel surges

As the price of jet fuel surges amid the war in Iran, Delta Air Lines on Tuesday announced that it will hike its checked bag fees by $10 beginning this week.

Checking one bag on a domestic Delta flight will now cost $45, up from $35. A second bag will cost $55, up from $45, and a third will cost $200, up from $150. In a statement to Sherwood News, Delta issued the following announcement:

“For tickets purchased on or after April 8, Delta will increase fees for first and second checked bags by $10 and for a third checked bag by $50 on domestic and select short-haul international routes. These updates are part of Delta’s ongoing review of pricing across its business and reflect the impact of evolving global conditions and industry dynamics. Delta SkyMiles Medallion Members; customers traveling in First Class, Delta Premium Select and Delta One; active-duty military customers; and those with eligible co-branded Delta SkyMiles American Express Cards will continue to receive their allotment of complimentary checked bags.”

The move follows similar hikes by JetBlue and United Airlines last week. More are likely to come: when one major airline adjusts its fees, others tend to follow quickly behind. Delta last raised its bag fees in 2024, along with other major airlines.

Jet fuel prices were $4.69 a gallon on Monday, per the Argus US Jet Fuel Index. That’s up from the low $2 range for much of January.

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Paramount reportedly receives $24 billion from Gulf funds to back its Warner Bros. takeover

Three Middle East sovereign wealth funds have agreed to back Paramount’s takeover of Warner Bros. Discovery to the tune of roughly $24 billion, according to Wall Street Journal reporting.

The company’s triumph over Netflix in the bidding war came thanks in part to financial backing from Oracle cofounder Larry Ellison, billionaire father of Paramount CEO David Ellison.

Saudi Arabia’s PIF, which last year led the $55 billion deal to take Electronic Arts private, will provide about $10 billion in the deal. The Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co. is also involved.

According to the WSJ, the funds will not receive voting rights in the combined Paramount-Warner company. Those working on the deal don’t expect the Gulf funds’ involvement to spark any additional regulatory reviews.

The company’s triumph over Netflix in the bidding war came thanks in part to financial backing from Oracle cofounder Larry Ellison, billionaire father of Paramount CEO David Ellison.

Saudi Arabia’s PIF, which last year led the $55 billion deal to take Electronic Arts private, will provide about $10 billion in the deal. The Qatar Investment Authority and Abu Dhabi’s L’imad Holding Co. is also involved.

According to the WSJ, the funds will not receive voting rights in the combined Paramount-Warner company. Those working on the deal don’t expect the Gulf funds’ involvement to spark any additional regulatory reviews.

The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26

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