Trump signs executive order to loosen regulations on aerospace industry

President Trump has signed an executive order aimed at easing regulations for the commercial space industry, including speeding up the process for rocket launch licenses. The executive order directs the Secretary of Transportation to review regulatory requirements to "eliminate outdated, redundant, or excessive restrictions on launch and reentry vehicles." This executive order may directly benefit companies such as SpaceX, Blue Origin LLC, United Launch Alliance LLC, and Rocket Lab, while also instructing federal agencies to determine whether states are hindering the construction of spaceport infrastructure.