Trump's Executive Order Boosts US Space Commerce

In a bold move to bolster the US's position in the commercial space sector, President Donald Trump has signed an executive order designed to cut through existing regulatory red tape.

This ambitious order calls for the establishment of a new 'Office of Space Commerce' within the Department of Transportation, tasked with elevating American space endeavors.

By directing authorities to simplify licensing processes and eliminate cumbersome environmental reviews, the administration is setting the stage for a more dynamic and competitive US presence in the burgeoning space market over the next five years.

(With inputs from agencies.)