President Donald Trump signed an executive order Wednesday to ease regulations for the commercial space industry, including steps to speed the licensing process for rocket launches in a win for the growing sector and onetime ally Elon Musk’s SpaceX.
The executive orderBloomberg Terminal directs the secretary of Transportation to review regulatory requirements to “eliminate outdated, redundant, or overly restrictive rules for launch and reentry vehicles,” according to a fact sheet from the White HouseBloomberg Terminal.