Daily Market Updates: FAA move could speed up approvals for SpaceX and Blue Origin launches

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FAA move could speed up approvals for SpaceX and Blue Origin launches

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that a Transportation Department proposal would direct the FAA to waive certain environmental requirements, a step intended to shorten the time it takes to approve launches.

Transportation Secretary Sean Duffy said the goal is to reduce government red tape so the United States can move more quickly on space launches.

The potential change could affect approval timelines for major commercial launch providers, including SpaceX and Blue Origin.

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CNBC MarketsSpaceX, Blue Origin could get quicker launch approval under FAA move to waive environmental rules

Global Markets

FAA move could speed up approvals for SpaceX and Blue Origin launches

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Sources

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