Trump's New Order Boosts U.S. Commercial Space Industry

U.S. President Donald Trump took a significant step on Wednesday to foster growth in the commercial space industry by signing a regulatory reduction order.

The directive, as stated by the White House, includes measures to cut down or fast-track environmental reviews required for launch and reentry licenses and permits.

This move signifies a strategic shift towards encouraging industry expansion and reducing bureaucratic hurdles, aligning with Trump's broader agenda of deregulation.

(With inputs from agencies.)