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No longer in the running to head NASA, Jared Isaacman turns focus to private space missions

No longer in the running to head NASA, Jared Isaacman turns focus to private space missions

Yahoo6 days ago
Jared Isaacman may no longer have a shot at leading NASA, but that doesn't mean the billionaire and private astronaut is done with space.
In one of his first public appearances since President Donald Trump withdrew his nomination for him to be NASA administrator, Isaacman indicated he still has an interest in facilitating private spaceflight missions. The billionaire, who has been to space twice in two previous missions jointly funded with SpaceX, also hasn't ruled out making another cosmic venture now that he'll have more free time on his hands.
Isaacman's recent comments came June 21 after he received the National Space Society's Wernher von Braun Award for Polaris Dawn, the private astronaut mission he commanded in September 2024, SpaceNews.com reported. After a prepared speech, Isaacman also spoke of what his priorities would have been had he been confirmed as NASA administrator.
Here's what Isaacman recently discussed, as well as what to know about the billionaire spaceflight enthusiast.
In comments after a speech at the National Space Society's conference, Isaacman reportedly indicated his interest in exploring space outside of the agency, according to SpaceNews.
Isaacman's comments come at a difficult time for NASA − the agency faces steep budget cuts that can put several exploration missions at risk. Isaacman said in June that as NASA administrator, he would have sought partnerships with academic institutions that would have given such organizations a bigger role in funding.
Rather than focusing on human spaceflights missions, Isaacman suggested he's more interested now in bankrolling uncrewed robotic missions.
Isaacman's Polaris Dawn mission was intended to be the first of three missions he planned to fund under the Polaris Program. While he set those missions aside when he was nominated to lead NASA, it's unclear just when, or if, he'll pick them back up.
But in previous comments on social media, Isaacmen left the door open to going to space again.
"I have not flown my last mission," Isaacman said in a post May 31 on social media site X after Trump pulled his nomination to head NASA. "Whatever form that may ultimately take – but I remain incredibly optimistic that humanity's greatest spacefaring days lie ahead."
Isaacman, founder of payment processing company Shift4 Payments, has been to space twice under his private spaceflight venture known as the Polaris Program.
The most recent expedition drew plenty of headlines in September 2024 when Isaacman flew with an all-civilian crew of amateur spacefarers on a mission he jointly funded with Elon Musk's SpaceX.
During the mission, known as Polaris Dawn, the four-member crew ascended to 870 miles above Earth's surface – higher than any crewed vehicle has traveled since NASA's Apollo era ended in the 1970s. Two days into the mission, they became the first non-government astronauts to complete a spacewalk when both Isaacman and crew member Sarah Gillis exited the Dragon capsule separately for about 10 minutes each to take in the endless black expanse of outer space.
Isaacman's first trip to space came when he commanded the first all-civilian space crew in 2021 aboard a SpaceX capsule as part of a mission known as Inspiration4. Netflix filmed a documentary about the Inspiration4 mission.
By that time, space tourists had already begun taking short trips to the edge of space with companies like Richard Branson's Virgin Galactic and Jeff Bezos' Blue Origin. But Inspiration4 became known as the world's first all-civilian extended mission to space, with Isaacman, who funded the spaceflight, and three others spending three days living in orbit and conducting research.
Isaacman's nomination to lead NASA was well-received by most of the space community and members of Congress.
But at a critical time when the U.S. space agency is preparing to return humans to the moon and send the first astronauts to Mars, Trump suddenly pulled Isaacman's bid in late May. The decision came after Isaacman had cleared the Senate Commerce Committee in April and appeared on track for a full Senate vote.
Though Trump never offered a concrete reason for the about-face, Isaacman faced some pushback in the Senate for his close ties to Musk at a time when the SpaceX founder was on his way out of the White House. Other reports have suggested Isaacman's past donations to Democrats may have influenced Trumps decision, who said in a statement that "the next leader of NASA is in complete alignment with President Trump's America First agenda."
Trump, who said on Truth Social that he will propose a new nominee, first announced Isaacman's nomination in a December 2024 post, saying, 'Jared will drive NASA's mission of discovery and inspiration, paving the way for groundbreaking achievements in space science, technology, and exploration.'
NASA has now lacked a full-time administrator since Bill Nelson stepped down on Jan. 20, the day of Trump's inauguration.
Contributing: Joey Garrison, USA TODAY; Brooke Edwards, FLORIDA TODAY
Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at elagatta@gannett.com
This article originally appeared on Florida Today: After Trump pulls Isaacman NASA bid, billionaire eyes next space mission
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Amazon Making $40M Movie About OpenAI Meltdown, ChatGPT AI Safety
Amazon Making $40M Movie About OpenAI Meltdown, ChatGPT AI Safety

Forbes

time38 minutes ago

  • Forbes

Amazon Making $40M Movie About OpenAI Meltdown, ChatGPT AI Safety

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The Stock Market Did Something for Just the 6th Time Since 1957. History Says It Signals a Big Move for the S&P 500 Over the Coming Year.
The Stock Market Did Something for Just the 6th Time Since 1957. History Says It Signals a Big Move for the S&P 500 Over the Coming Year.

Yahoo

time39 minutes ago

  • Yahoo

The Stock Market Did Something for Just the 6th Time Since 1957. History Says It Signals a Big Move for the S&P 500 Over the Coming Year.

The S&P 500 just delivered one of the greatest three-month rallies in its storied history, gaining 25% and reaching a new record high on Thursday. History shows the S&P 500 has always been higher in the year following a three-month rally of 25%, notching additional gains of 22%, on average. Inflation or tariffs could still derail the rally, but the long-term future looks bright. 10 stocks we like better than S&P 500 Index › This year has been a wild ride for investors. After notching a new all-time high in mid-February, the S&P 500 (SNPINDEX: ^GSPC) promptly slumped 19% on fears tariffs imposed by the Trump administration would derail economic growth and reignite inflation. However, since its early-April lows, the market has staged a remarkable recovery, gaining 26% during the past three months and reaching a new record high on Thursday, July 10. To give that move historical context, the S&P 500 has gained 25% during a three-month period just five other times in its storied history. The data shows that in every previous instance, the benchmark index has delivered additional gains over the next 12 months, generating double-digit returns. Let's look at what this means for investors. The S&P 500 has generated returns of 25% or more during a three-month period just five other times since the benchmark index was introduced in 1957, according to Ryan Detrick, chief market strategist at financial services company Carson Group. His research shows that in the 12 months following each of those occasions, the S&P has always risen, and notched double-digit gains every time. This table shows the years in which the S&P 500 generated gains of 25% (or more) during a three-month period and the returns of the index during the succeeding 12 months: Year of S&P 500 25% (+) Rally S&P 500 12-Month Change 1975 18% 1982 20% 1999 12% 2009 19% 2020 39% Average 21% Data source: Carson Group. Table by author. As the table illustrates, the S&P 500 delivered returns of 21% on average during the 12 months following a period when it gained 25% within three months. For context, the benchmark index has returned 10% annually since its inception in 1957. This shows that the market's performance was much better than average following these rallies. To quote the old Wall Street axiom, "Past performance is no guarantee of future results." That said, given the available data and its historical context, students of history can make an informed decision about the trajectory of the market over the coming year. The S&P 500 closed out Thursday at about 6,280, so the index would need to clear 7,033 to hit the low end of the historical range by next July. Bullish analysts are already on board. As my colleague Trevor Jennewine points out, 2025 year-end targets for the S&P 500 range from 5,500 (roughly 12% below Thursday's close) to 7,007, about 12% higher than current levels. 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Note that the historical returns examples provided take 12 months to play out. While the data suggests the market will sport double-digit gains over the coming year, I expect the broader market to deliver a couple of head fakes over the coming weeks and months, and I wouldn't be surprised if the historic volatility investors have experienced continues. Additionally, adding to your portfolio regularly -- in good times and bad -- takes much of the guesswork out of investing and helps investors develop the discipline to prosper over the long term, regardless of which direction the short-term market winds are blowing. History shows that the stock market has generated returns of 10% annually, on average, over the past 50 years. This is a clear indication that investing with a focus on the long term is the clearest path to success -- even if history repeats itself. 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The Stock Market Did Something for Just the 6th Time Since 1957. History Says It Signals a Big Move for the S&P 500 Over the Coming Year. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Sweet Loren's CEO was unfulfilled in her ‘real' jobs—beating cancer gave her the guts to quit and launch the $120 million cookie brand
Sweet Loren's CEO was unfulfilled in her ‘real' jobs—beating cancer gave her the guts to quit and launch the $120 million cookie brand

Yahoo

time42 minutes ago

  • Yahoo

Sweet Loren's CEO was unfulfilled in her ‘real' jobs—beating cancer gave her the guts to quit and launch the $120 million cookie brand

After a cancer diagnosis in her early 20's right out of college, Loren Castle poured her heart into her healthy refrigerated cookie dough brand Sweet Loren's. Disillusioned with unfulfilling 'real' jobs and growing more concerned with her health, she quit the corporate world for good to launch her $120 million business that's now stocking the refrigerated aisles of over 35,000 Targets, Whole Foods, and Costcos. There are many people out there feeling stuck in their full-time jobs, waiting for divine intervention or the perfect moment to jump ship. One entrepreneur found the courage to become her own boss after surviving a scary bout of cancer right out of college. In 2006, Loren Castle, the CEO of refrigerated cookie dough empire Sweet Loren's, was a fresh-faced 22-year-old who had just graduated from the University of Southern California. But three months later, she was diagnosed with Hodgkin's Lymphoma: a cancer that originates in the lymphatic system. While going through chemotherapy for six months, Castle was wrangling the issue of eating healthier while figuring out what her career would look like. 'After [recovering], my doctor said, 'Go be normal and get a real job,'' Castle recalls to Fortune. 'I was like, 'I can't be normal anymore.' Life is really precious, I want to make sure I find something that I'm super passionate about. I wasn't happy working for someone else in a job that I just wasn't really passionate about.' Four years after working unfulfilling corporate and restaurant-industry jobs, she finally found that passion—and turned it into a booming million-dollar business. Today, her healthy refrigerated cookie dough brand lines the aisles of 35,000 supermarkets, including chains like Whole Foods, Target, and Costco. Sweet Loren's rolled in $97 million in gross sales in 2024, and is on target to reach a staggering $120 million run rate this year. 'The goal is to take over the whole refrigerated dough section, and really become the number one player in the space,' Castle continues. 'While the big guys are asleep at the wheel, we know how to speak to millennials and Gen Z, the future shopper…I'm just really passionate about this because it started from a personal need.' New York-based Castle wasn't inspired to start Sweet Loren's because of her love for baking—in fact, she did little of it before her diagnosis. While her friends were out partying, her illness had forced her to change the way she lived, including the way she ate. Having a big sweet tooth, Castle was disappointed in the lack of wholesome cookie dough brands. So she took cooking classes and studied nutrition on the days she didn't have cancer treatment, opting for 'super-powered' healthy foods, and formulated her own healthy sweet treat. 'I started making my own recipe, practicing hundreds and hundreds and hundreds of batches. And finally I [made] these recipes that I was like, 'Wait a minute, like, this is the best cookie I've ever had,'' Castle says. 'It turned what was a really scary, negative time in my life into like a superpower.' Castle started test-running batch after batch of health-conscious cookies while working other jobs on the side. During those years she worked at a boutique PR company, helped manage a restaurant, and had a role at a wine business. She was bouncing between roles that didn't fulfill her. But surviving cancer—and wanting to turn the nightmare of the illness into something positive—was the push she needed to finally start her own business. 'Life is short. I don't want regrets. I was so keenly aware of my feelings. If I wasn't in love with something, it was really hard to make myself do it,' Castle said. 'It got to that point of, 'I don't like my boss, I don't want to be making him money.'' After three years of trying and failing to find a job she loved and was passionate about, Castle pulled the plug and veered into entrepreneurship at 26. Now, what started as a personal necessity has become a game-changer for a much wider audience. Castle has enjoyed massive success by tapping into cravings for healthy sweet treats, especially among consumers with allergies or dietary restrictions. Selling nut-free, dairy-free, and vegan cookie doughs, pie crusts, puff pastry, and pizza doughs, Sweet Loren's reached a niche that has since blossomed into a bigger movement. Castle had already amassed a hoard of cookie fans from having her friends and families test the batches. But her real big break came in 2011, when she entered a baking contest in New York City: The Next Big Small Brand Contest for Culinary Genius. She swept the competition, winning both the people's choice award and judge's award. Sweet Loren's was officially on the map, and suddenly, hundreds of families were emailing the brand weekly asking for new dietary-sensitive options. In addition to the healthy cookie dough she was producing, they wanted nut-free, gluten-free, vegan-friendly sweet treats. 'Once I launched allergen-free [products], they became our number one SKU overnight,' she says. Castle says that her brand is now the number one natural cookie dough brand in the U.S., without private equity backing, VC funding, or glitzy billboard ads. 'It's not like we're pouring $50 million into Super Bowl ads and things like that. I think it's just that we really solved a problem,' Castle says. 'They just love the quality of the product and tell their friends and become advocates for it. Because we're raising the bar on what packaged food can taste like, and what the ingredients can be like. It's more of a premium.' 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