Regulatory Reforms May Unlock Commercial Space Growth
The US government has set a goal to attract at least $50 billion in new investment in American space markets by 2028. A recent proposal from the Department of Commerce aims to streamline approval processes for space missions, which may unlock investment and promote growth in the commercial space industry. The proposal has been endorsed by the Commercial Space Federation, and its implementation could help the US stay competitive with China in the global space market. This development was reported by SpaceNews.