President Trump signed an executive order aimed at reducing regulations in the space industry on Wednesday, intended to foster competition and innovation within the commercial space sector.

Trump’s executive order to loosen regulations in the space industry is a significant step towards promoting growth and innovation in this rapidly evolving sector.

The order “instructs the Secretary of Commerce, in coordination with the Secretary of Defense, the Secretary of Transportation, and the Administrator of NASA, to evaluate State compliance with the Coastal Zone Management Act (CZMA) and whether States are hindering spaceport infrastructure development under the CZMA, or otherwise placing limitations on spaceport development that are inconsistent with Federal law.”

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