Business
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.

More Business

See all Business
President Trump Delivers An Announcement From The Oval Office

Can pharma companies put tariff threats behind them?

Big Pharma may have gotten Trump off its back for now. But are drug prices coming down?

Brent Krott, 15, holds a hand of cards in a game called Magic the Gathering At Crossroad Games in St...

“Magic: The Gathering” is just the tip of a $1 billion digital iceberg

Hasbro’s gaming ambitions are the key to its future success

Charlie Hall10/3/25
Taco Bell Restaurant

Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

business

Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.