Back to News
investment

Senate confirms Jared Isaacman as NASA administrator in do-over after Musk feud

Financial Post
Loading...
5 min read
1 views
0 likes
Senate confirms Jared Isaacman as NASA administrator in do-over after Musk feud

Summarize this article with:

Article contentWASHINGTON (AP) — The Senate on Wednesday confirmed billionaire entrepreneur Jared Isaacman to be NASA administrator on Wednesday, placing him atop the agency after a monthslong saga where President Donald Trump revoked his nomination as part of a feud with tech billionaire Elon Musk.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentIsaacman, who has promised to bring a business-minded approach to the space agency, was confirmed in a bipartisan vote, 67-30.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentHe will take over after an unusual confirmation process upended by the Republican president’s oscillating and at times tumultuous relationship with prominent tech leaders who backed his campaign, most notably Musk, the Tesla CEO who is a close ally of Isaacman.Article contentArticle contentTrump picked Isaacman last year but withdrew the nomination in May after feuding with Musk over the administration’s policies on issues such as electric vehicles and the performance of Musk’s Department of Government Efficiency.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentMusk was the largest contributor of donations to Trump’s 2024 campaign and after the administration took office, he assembled a team for DOGE that blitzed through the federal government’s departments, contracts and critical infrastructure. The monthslong operation led to major cuts to federal contracts focused on foreign aid, global health and mass layoffs of federal workers.Article contentBut the effort did not lead to significant reductions in the federal budget deficit, the stated goal. Musk also feuded with some senior Cabinet officials and, eventually, Trump himself. Musk is also CEO of the space flight company SpaceX and has ambitions for humans to colonize space.Article contentTrump nominated Isaacman for the job again in November.

Transportation Secretary Sean Duffy had been serving as NASA’s interim administrator until a permanent head was in place.Article contentArticle contentThe mysterious turnabout from TrumpArticle contentIsaacman is the founder of Shift4 Payments, a payment processing and technology solutions company based in Pennsylvania. He is also the co-founder of Draken International, a Florida-based aerospace company. He has done business with Musk’s Starlink and other ventures tied to the fellow billionaire.Article contentDuring Isaacman’s second confirmation hearing in December, Sen. Gary Peters, D-Mich., pressed Isaacman to “explain what happened to make President Trump reconsider the decision to pull your nomination and what assurances you may have provided with Elon Musk and SpaceX would not create a significant conflict of interest in this role.”Article contentIsaacman replied that he “wouldn’t even want to begin to speculate why the president nominated and then renominated me.” He said he pledged to be free of conflicts of interest in his role. In a June letter, Isaacman had promised to resign from his private sector posts should he be confirmed as NASA administrator.Article contentRepublicans have welcomed some of Isaacman’s proposals and some new senators strongly advocated for his confirmation. But many Democrats balked at Isaacman and Trump’s plans, including the proposed costs of some projects and overall priorities for the agency.Article content“For nearly 70 years, the United States has been at the forefront of space exploration. President Trump knows how critical it is to reinvigorate NASA as we aim to reach new heights in the greatest frontier ever known, and that’s why he chose exactly the right man for the job,” Sen. Tim Sheehy, an aerial firefighter, former Navy SEAL and close ally of Isaacman, said in a statement.Article contentSheehy, R-Mont. added that he was confident Isaacman “will work tirelessly to ensure America wins the 21st century space race.”Article contentTrending Canada's population declines for the first time since the pandemic News Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?

Personal Finance Terence Corcoran: The new Rogers v. Rogers play gets a BS rating FP Comment Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Canada's population declines for the first time since the pandemic News Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?

Personal Finance Terence Corcoran: The new Rogers v. Rogers play gets a BS rating FP Comment

Read Original

Source Information

Source: Financial Post