FAA May Start Charging Rocket Companies for Launching
The FAA needs to approve commercial launch and re-entry operations, and that means checking over the companies that apply for it. That endeavour has grown more costly over the years, and with the number of launch requests seeing explosive growth, the FAA's $42 million for its Office of Commercial Space Transportation is seen as far from enough for it to continue to function effectively.
With the Trump administration's general distaste for budget increases outside of the military, it has proposed cutting a number of NASA and FAA initiatives and fixing governmental funding—effectively making its 2026 budget a real-world budget decrease due to inflation. As Ars Technica points out, this could leave the FAA struggling to meet its demands in the years to come.
The proposal to alleviate this problem is to allow the FAA to start charging launch vehicle operators for sharing the skies with commercial aircraft. It would be a fee for each pound of payload mass the rockets were launching, starting with 25 cents per pound in 2026, and rising to $1.50 per pound by 2033. At that point, the fee would rise with inflation, allowing the FAA to seemingly keep pace with future launch cadences.
SpaceX has repeatedly complained of delays in the FAA's licensing process. Credit: SpaceX
However, to prevent this from stifling innovation of particularly large rockets, the fees would reportedly be capped at $30,000 per launch starting next year, rising to a $200,000 cap in 2033. Considering most rocket launches cost in the millions, if not tens or hundreds of millions, that kind of fee should be a drop in the bucket for most launch vehicle operators while still providing a much-needed form of revenue generation for the agency licensing them.
"Nearly every user of the National Airspace System pays something back into the system to help cover their operational costs, yet under current law, space launch companies do not, and there is no mechanism for them to pay even if they wish to," senator and sponsor of the measure, Ted Cruz said in a statement. "As commercial spaceflight expands rapidly, so does its impact on the FAA's ability to operate the National Airspace System. This proposal accounts for that."
The bill is still in the early stages, and it's still possible the Trump administration weighs in and tips the scales one way or another. However, as Ars points out, the Trump administration's nominee for the next FAA administrator has backed the proposal, suggesting it may make it through to real legislation.
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Boston Globe
25 minutes ago
- Boston Globe
When Trump meets Putin, anything could happen
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Advertisement Those interactions alarmed many of Trump's senior aides, who watched as the U.S. president disregarded their advice, excluded them from meetings with the Russian leader and proposed impractical ideas that appeared to have been planted by Putin, like creating a U.S.-Russia 'impenetrable Cyber Security unit.' The idea was dropped as soon as Trump got back to Washington. Advertisement The relationship has grown more complicated in Trump's second term. In recent months Trump, eager to fulfill his promises of settling the war between Russia and Ukraine, has grown irritated by Putin's unwillingness to de-escalate the conflict. Putin will land in Alaska determined to rewind Trump's view of the war to February, when he berated Ukrainian President Volodymyr Zelenskyy at a contentious White House meeting for not showing more gratitude for U.S. support, while speaking warmly about Putin. 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He has been criticized for meeting with Putin without other U.S. officials and for echoing his talking points afterward. To be sure, the Russia hawks around Trump in his first term often had little success. When Trump called Putin after the Russian president was reelected in a March 2018 vote widely seen as illegitimate, Trump's aides placed a clear instruction in his briefing papers: 'DO NOT CONGRATULATE.' Trump did so anyway. Not even a federal investigation into 2016 Russian election interference was enough to restrain Trump. When the two leaders last met in person, on the sidelines of a 2019 Group of 20 gathering in Osaka, Japan, Trump joked with Putin about the subject. 'Don't meddle in the election!' Trump said, with a smirk and a finger wag. Putin grinned in delight. The investigation, and the presence of Putin critics at high levels of his administration, may have led Trump to conduct his conversations with unusual secrecy, however. 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Trump said he was 'very impressed' by that argument, a case he went on to make in public. Analysts said they have low expectations for the sort of breakthrough on Ukraine that Trump is hoping to achieve in Alaska. Putin has shown every sign that he believes he can gain more on the battlefield than in negotiations -- at least on the terms Trump has so far required. Maria Snegovaya, a senior fellow for Russia and Eurasia with the Center for Strategic and International Studies, noted that in his first term Trump tried to strike major deals with the authoritarian leaders of such nations as China and North Korea, with limited results. 'In general, Trump's history of meetings with strong men from Xi Jinping to Kim Jong Un does not lead to a successful deal that follows,' she said. Advertisement Fiona Hill, who was senior director for Europe and Russia on the National Security Council in the first Trump White House, agreed that any breakthrough appeared unlikely. Putin and his aides have been frustrated at a lack of diplomatic progress with the Trump administration, and Hill said she sees little fresh ground for a deal, even one favorable to Putin. The Russians 'always want something they can take to the bank, an agreement they can hold the U.S. to,' she said. 'They were excited by Witkoff at first, since he's a direct channel to Trump, but they're frustrated there's no structure around it.' While Putin might welcome a leader-to-leader meeting, she said, 'he wants the details to be worked out later. And Trump isn't a details guy.' This article originally appeared in


The Hill
25 minutes ago
- The Hill
Asian shares charge higher after US stocks rally to records on hopes for interest rate cuts
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27 minutes ago
Asian shares charge higher after US stocks rally
BANGKOK -- Shares advanced Wednesday in Asia after the U.S. stock market rallied to records when data showed inflation across the United States improved slightly last month. Tokyo's benchmark Nikkei 225 added to its record set a day earlier. Shares in Hong Kong, Singapore and Malaysia also gained more than 1%. The recent rally in share prices has been driven partly by relief over an extended truce in President Donald Trump's trade war with China, and partly by persisting hopes the Federal Reserve will cut interest rates. Those were reinforced by a moderation in the consumer price index in July. 'Asia woke up in full risk-on mode, riding the coattails of a U.S. session that looked like someone hit the 'infinite bid' button after CPI didn't blow the inflation doors off,' Stephen Innes of SPI Asset Management said in a commentary. China and the U.S. agreed to extend by 90 days the pause in drastically higher tariff rates to allow more time for talks on a broad trade agreement. Although uncertainty over what the negotiations will yield remains, the truce has relieved pressure on companies and countries across Asia that rely heavily in supply chains routed through China. Hong Kong's Hang Seng surged 1.9% to 25,439.91, while the Shanghai Composite index added 0.6% to 3,686.34. In Japan, relief over the Trump administration's confirmation that its exports will face a flat 15% U.S. import duty has driven strong buying of computer chip-related companies and other exporters. The Nikkei 225 gained 1.6% to 43,407.46. Elsewhere in Asia, South Korea's Kospi advanced 0.8% to 3,215.43. In Australia, the S&P/ASX 200 shed 0.5% to 8,840.30. Taiwan's Taiex was up 0.8% and the Sensex in India gained 0.4%. In Bangkok, the SET climbed 0.9%. On Tuesday, the S&P 500 rose 1.1% to top its all-time high set two weeks ago. It closed at 6,445.76. The Dow Jones Industrial Average climbed 1.1% to 44,458.61, while the Nasdaq composite jumped 1.4% to set its own record of 21,681.90. Intel's stock rose 5.6% after Trump said its CEO has an 'amazing story,' less than a week after he had demanded Lip-Bu Tan's resignation. Circle Internet Group, the company behind the popular USDC cryptocurrency that tracks the U.S. dollar, climbed 1.3% despite reporting a larger loss for the latest quarter than analysts expected. It said its total revenue and reserve income grew 53% in its first quarter as a publicly traded company, which topped forecasts. The better-than-expected report on inflation raised hopes the Federal Reserve will have the leeway to cut interest rates at its next meeting in September. Tuesday's report said U.S. consumers paid prices for groceries, gasoline and other costs of living that were overall 2.7% higher in July than a year earlier. That's the same inflation rate as June's, and it was below the 2.8% that economists expected. Lower rates would give a boost to investment prices and to the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment. President Donald Trump has angrily been calling for cuts to help the economy, often insulting the Fed's chair personally while doing so. The Fed has hesitated, worried that Trump's tariffs could make inflation much worse. The Fed will get one more report on inflation and another on the U.S. job market, before its next meeting, which ends Sept. 17. The most recent jobs report was a stunner, coming in much weaker than economists expected. Critics say the broad U.S. stock market is looking expensive after its surge from a bottom in April. That's putting pressure on companies to deliver continued growth in profit. In other dealings early Wednesday, U.S. benchmark crude oil edged 4 cents higher to $63.21 per barrel. Brent crude, the international standard, was up 8 cents at $66.20 per barrel. The U.S. dollar rose to 147.94 Japanese yen from 147.84 yen. The euro climbed to $1.1686 from $1.1677.