""For years, the space industry has discussed the uncertainty facing companies seeking government approval of new activities in space - a loophole that left no federal agency with clear authority to authorize commercial space operations like in-space manufacturing or space-based power generation.""
""By providing a predictable and repeatable pathway to launch, this proposal will help the administration meet and exceed their goal to attract at least $50 billion of new investment in American space markets.""
""As implementation moves forward, it's important to have clear accountability across agencies, guardrails against regulatory creep, and the predictability companies need to invest for the long term.""
US commercial space firms are welcoming a proposed one-stop licensing shop for unregulated operations, including on-orbit refueling and satellite repair. The Department of Commerce aims to close existing regulatory loopholes by establishing a voluntary framework for government approval of new activities. This proposal is expected to attract significant investment in American space markets. Industry leaders emphasize the importance of safety, accountability, and predictability in the regulatory process to support long-term investments and sustainable operations in space.
Read at Breaking Defense
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