Trump orders easing of commercial spaceflight regulations, in boon to Musk’s SpaceX

Trump orders easing of commercial spaceflight regulations, in boon to Musk’s SpaceX


U.S. President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. Trump announced the first nominees of the annual Kennedy Center Honors since taking control of the center’s board earlier this year.

Kevin Dietsch | Getty Images

U.S. 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 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The declaration also calls on the secretary to do away with “outdated, redundant or overly restrictive rules for launch and reentry vehicles.”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.

It added: “Overly complex environmental and other licensing and permitting regulations slow down commercial space launches and infrastructure development, and benefit entrenched incumbents (who can afford to bear the expense of regulatory compliance) over new market entrants (who cannot).”

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 U.S. 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.



Source

As secondhand luxury soars, authentication becomes a new gold standard
World

As secondhand luxury soars, authentication becomes a new gold standard

As the global market for secondhand luxury items surges, authentication has become the defining factor separating credible platforms from the rest. The resale market for fashion and luxury items is expanding at an annual rate of 10%, three times faster than the firsthand market, according to a report released Oct. 9 by Boston Consulting Group […]

Read More
Latest bank turmoil turns spotlight to ‘NDFI’ lending market. What is that and should you be worried?
World

Latest bank turmoil turns spotlight to ‘NDFI’ lending market. What is that and should you be worried?

The troubles at two regional banks that helped drive Thursday’s stock market pullback could have been idiosyncratic, but one thing is clear: Just in case, Wall Street is now on alert for systemic credit risk. Stocks fell Thursday, with the Dow Jones Industrial Average closing down by more than 300 points, thanks to worries about […]

Read More
Europe’s private equity giants tumble as U.S. bank lending fears spread
World

Europe’s private equity giants tumble as U.S. bank lending fears spread

Some of Europe’s major private markets firms sold off on Friday as concerns over lending standards in U.S. markets swept across the Atlantic. London-listed ICG closed 5.5% lower, while CVC Capital Partners, which is headquartered in Jersey, lost about 6.6%. Swiss private markets firm Partners Group fell 3.4%, as Sweden’s EQT was down 4.6%. The […]

Read More