With Musk crashing out again, high time for a situational update.
Couple big things of note: First, the BBB as passed by the Senate has basically gutted the PBR/OMB request that would have wound down SLS/Orion after Artemis III and handed NASA to SpaceX. There are provisions to fund SLS through Artemis V (through 2029) and restore Gateway. Both of these were driven heavily by Ted Cruz, who is a pretty big NASA bulldog.
Second, there's further signs of discontent within NASA, with the recently appointed Chief of Staff outright stating that the PBR has no bearing on the operational guidelines for NASA prior to the authorization of a Congressional budget. Petro has notably been trying to fall in lockstep with the PBR, possibly to curry favor with the White House and secure the admin role herself. This is the highest ranking person to come out and say that Petro's moves towards RIFs and deferred retirements are not truly agency policy. Iran kind of pushed the discussion about a new admin nominee down the road, but it's looking likely that they're going to come up with a new choice soon to limit the damage Petro can do.
If the BBB fails in the House (which is possible but not highly likely) then a continuing resolution has more or less the same outcome with SpaceX losing their shot at regulatory capture and the rest of the space program proceeding as normal.
Finally, very important to note that Artemis III re-baselining and SpaceX's HLS contract have been in the crosshairs behind closed doors even before shit hit the fan. It's very likely that Trump is going to follow through on axing Musk's contracts if he keeps up with the rift. Nobody wants to bat for the sperg, and Trump was Musk's last chance at getting what he wants.
ETA: Trump really wants a Moon landing by the end of his term. That would take something of a miracle but Blue Origin has a much more positive relationship with the White House and they're making serious investigations into accelerating the timeline via using a cargo SLS.