Latest news with #spaceventures
The Independent
5 days ago
- Business
- The Independent
Trump's new commercial spaceflight order could benefit Musk's SpaceX
President Donald Trump has signed an executive order to streamline federal oversight of commercial rocket launches, a move that could benefit Elon Musk 's SpaceX and other private space ventures. The White House confirmed the order mandates, among other things, the U.S. transportation secretary to either eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration. The declaration also calls on the secretary to do away with "outdated, redundant or overly restrictive rules for launch and reentry vehicles." "Inefficient permitting processes discourage investment and innovation, limiting the ability of U.S. companies to lead in global space markets," the executive order states. While Musk and Trump had a high-profile falling out months ago, the billionaire entrepreneur's SpaceX rocket and satellite venture potentially stands to be the single biggest immediate beneficiary of Trump's order on Wednesday. SpaceX, though not mentioned by name in Trump's order, easily leads all U.S. space industry entities, including Nasa, in the sheer number of launches it routinely conducts for its own satellite network, the U.S. space agency, the Pentagon, and other enterprises. Jeff Bezos ' private rocket company, Blue Origin, and its space tourism business could also gain from a more relaxed regulatory regime. Musk has repeatedly complained that environmental impact studies, post-flight mishap investigations and licensing reviews required by the FAA have needlessly slowed testing of SpaceX's Starship rocket, under development at the company's South Texas launch facility. Starship is the centerpiece of Musk's long-term SpaceX business model, as well as a core component of Nasa's ambitions for returning astronauts to the moon's surface, establishing a permanent human lunar presence and ultimately sending crewed missions to Mars. Musk has viewed FAA oversight as a hindrance to his company's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players. SpaceX's flight-test strategy is known for pushing spacecraft prototypes to the point of failure, then fine-tuning improvements through frequent repetition. This has appeared to run afoul at times with the FAA's mission of safeguarding the public and the environment as it exercises its regulatory jurisdiction over commercial spaceflight. Earlier this year, the FAA grounded Starship test flights for nearly two months after back-to-back post-launch explosions rained debris over Caribbean islands and forced dozens of airliners to change course. The FAA ended up expanding the aircraft hazard zone along Starship's launch trajectories before licensing future flights.
News24
5 days ago
- Business
- News24
Elon Musk's SpaceX set to score big from new Trump executive order
US President Donald Trump signed an executive order on Wednesday to streamline federal regulation governing commercial rocket launches, a move that could benefit Elon Musk's SpaceX and other private space ventures. Trump's order, among other things, directs the US transportation secretary to eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration, the White House said in a statement. The declaration also calls on the secretary to do away with 'outdated, redundant or overly restrictive rules for launch and re-entry vehicles'. 'Inefficient permitting processes discourage investment and innovation, limiting the ability of US companies to lead in global space markets,' the executive order states. While Musk and Trump had a high-profile falling out months ago, the billionaire entrepreneur's SpaceX rocket and satellite venture potentially stands to be the single biggest immediate beneficiary of Trump's order on Wednesday. SpaceX, though not mentioned by name in Trump's order, easily leads all US space industry entities, including NASA, in the sheer number of launches it routinely conducts for its own satellite network, the US space agency, the Pentagon, and other enterprises. Jeff Bezos' private rocket company Blue Origin and its space tourism business could also gain from a more relaxed regulatory regime. Musk has repeatedly complained that environmental impact studies, post-flight mishap investigations and licensing reviews required by the FAA have needlessly slowed testing of SpaceX's Starship rocket, under development at the company's South Texas launch facility. Starship is the centrepiece of Musk's long-term SpaceX business model, as well as a core component of NASA's ambitions for returning astronauts to the moon's surface, establishing a permanent human lunar presence and ultimately sending crewed missions to Mars. Musk has viewed FAA oversight as a hindrance to his company's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players. SpaceX's flight-test strategy is known for pushing spacecraft prototypes to the point of failure, then fine-tuning improvements through frequent repetition. The first grid fin for the next generation Super Heavy booster. The redesigned grid fins are 50% larger and higher strength, moving from four fins to three for vehicle control while enabling the booster to descend at higher angles of attack. — SpaceX (@SpaceX) August 13, 2025 This has appeared to run afoul at times with the FAA's mission of safeguarding the public and the environment as it exercises its regulatory jurisdiction over commercial spaceflight. Earlier this year, the FAA grounded Starship test flights for nearly two months after back-to-back post-launch explosions rained debris over Caribbean islands and forced dozens of airliners to change course. The FAA ended up expanding the aircraft hazard zone along Starship's launch trajectories before licensing future flights.
Reuters
5 days ago
- Business
- Reuters
Trump orders easing of commercial spaceflight rules, in boon to Musk's SpaceX
WASHINGTON, Aug 13 (Reuters) - U.S. President Donald Trump signed an executive order on Wednesday to streamline federal regulation governing commercial rocket launches, a move that could benefit Elon Musk's SpaceX and other private space ventures. Trump's order, among other things, directs the U.S. transportation secretary to eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration, the White House said in a statement. The declaration also calls on the secretary to do away with "outdated, redundant or overly restrictive rules for launch and reentry vehicles." "Inefficient permitting processes discourage investment and innovation, limiting the ability of U.S. companies to lead in global space markets," the executive order states. While Musk and Trump had a high-profile falling out months ago, the billionaire entrepreneur's SpaceX rocket and satellite venture potentially stands to be the single biggest immediate beneficiary of Trump's order on Wednesday. SpaceX, though not mentioned by name in Trump's order, easily leads all U.S. space industry entities, including NASA, in the sheer number of launches it routinely conducts for its own satellite network, the U.S. space agency, the Pentagon, and other enterprises. Jeff Bezos' private rocket company Blue Origin and its space tourism business could also gain from a more relaxed regulatory regime. Musk has repeatedly complained that environmental impact studies, post-flight mishap investigations and licensing reviews required by the FAA have needlessly slowed testing of SpaceX's Starship rocket, under development at the company's South Texas launch facility. Starship is the centerpiece of Musk's long-term SpaceX business model, as well as a core component of NASA's ambitions for returning astronauts to the moon's surface, establishing a permanent human lunar presence and ultimately sending crewed missions to Mars. Musk has viewed FAA oversight as a hindrance to his company's engineering culture, considered more risk-tolerant than many of the aerospace industry's more established players. SpaceX's flight-test strategy is known for pushing spacecraft prototypes to the point of failure, then fine-tuning improvements through frequent repetition. This has appeared to run afoul at times with the FAA's mission of safeguarding the public and the environment as it exercises its regulatory jurisdiction over commercial spaceflight. Earlier this year, the FAA grounded Starship test flights for nearly two months after back-to-back post-launch explosions rained debris over Caribbean islands and forced dozens of airliners to change course. The FAA ended up expanding the aircraft hazard zone along Starship's launch trajectories before licensing future flights.
Arab News
5 days ago
- Business
- Arab News
UPDATE 1-Trump orders easing of commercial spaceflight regulations, in boon to Musk's SpaceX
WASHINGTON: US President Donald Trump signed an executive order on Wednesday to streamline federal regulation governing commercial rocket launches, a move that would benefit Elon Musk's SpaceX and other private space ventures. Trump's order, among other things, directs the US transportation secretary to eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration, the White House said in a statement. The declaration also calls on the secretary to do away with 'outdated, redundant or overly restrictive rules for launch and reentry vehicles.' 'Inefficient permitting processes discourage investment and innovation, limiting the ability of US companies to lead in global space markets,' the executive order states. It added: 'Overly complex environmental and other licensing and permitting regulations slow down commercial space launches and infrastructure development, and benefit entrenched incumbents over new market entrants .' Although Musk and Trump have remained embroiled in a high-profile feud for months, the billionaire entrepreneur's SpaceX rocket and satellite venture potentially stands to be the single biggest immediate beneficiary of Trump's order on Wednesday. SpaceX, although not mentioned by name in the executive order, easily leads all other US space industry entities, including NASA, in the sheer number of launches it routinely conducts. Musk has complained that environmental impact reviews and post-flight mishap investigations have repeatedly slowed down testing of SpaceX's ambitious new Starship rocket vehicle, under development at the company's South Texas launch facility.
Arab News
5 days ago
- Business
- Arab News
Trump orders easing of commercial spaceflight regulations, in boon to Musk's SpaceX
WASHINGTON: US President Donald Trump signed an executive order on Wednesday to streamline federal regulation governing commercial rocket launches, a move that would benefit Elon Musk's SpaceX and other private space ventures. Trump's order, among other things, directs the US transportation secretary to eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration, the White House said in a statement. The declaration also calls on the secretary to do away with 'outdated, redundant or overly restrictive rules for launch and reentry vehicles.' 'Inefficient permitting processes discourage investment and innovation, limiting the ability of US companies to lead in global space markets,' the executive order states. It added: 'Overly complex environmental and other licensing and permitting regulations slow down commercial space launches and infrastructure development, and benefit entrenched incumbents over new market entrants .' Although Musk and Trump have remained embroiled in a high-profile feud for months, the billionaire entrepreneur's SpaceX rocket and satellite venture potentially stands to be the single biggest immediate beneficiary of Trump's order on Wednesday. SpaceX, although not mentioned by name in the executive order, easily leads all other US space industry entities, including NASA, in the sheer number of launches it routinely conducts. Musk has complained that environmental impact reviews and post-flight mishap investigations have repeatedly slowed down testing of SpaceX's ambitious new Starship rocket vehicle, under development at the company's South Texas launch facility.
