Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Republican senator presses FAA to speed rocket launch license reviews

by
October 28, 2024
in Stock
0
Republican senator presses FAA to speed rocket launch license reviews

By Joey Roulette

WASHINGTON (Reuters) -U.S. Senator Jerry Moran has urged the Federal Aviation Administration to speed up its license review process for private rocket launches, writing in a letter seen by Reuters that the agency’s current oversight of a fast-growing space sector is delaying national objectives.

Moran, the highest ranking Republican on the Democratic-controlled Senate Commerce aviation subcommittee, wrote in a letter on Oct. 25 to FAA Administrator Mike Whitaker that the agency’s commercial space office “must rapidly improve its transparency, accountability, and pace of execution” in approving rocket launch licenses.

The letter adds to a chorus of industry frustration toward the FAA led in recent months mainly by Elon Musk’s SpaceX, with its swift pace of Starship test launches and Falcon 9 flights that has challenged the regulator’s ability to oversee the increasingly competitive U.S. space sector.

Musk has stepped up his criticism of the FAA this year as he backs Republican Donald Trump’s White House bid hoping the former president can shed what Musk has called “counterproductive” and “needless” U.S. government regulations.

The FAA’s Office of Commercial Space Transportation, which regulates private rocket launches to ensure they do not impact the public’s safety, has long argued for more funding to grow its licensing team but has struggled to find suitable hires.

Still, in recent weeks the agency has moved faster on approving launches than previously. Earlier this month it greenlit SpaceX’s Starship test license a month earlier than anticipated and wrapped up multiple mishap investigations into the company’s Falcon 9.

In his letter, Moran said national security missions and NASA’s moon program – two areas dominated by SpaceX – are threatened by the FAA’s oversight pace.

NASA plans to use SpaceX’s Starship rocket in late 2026 to land the first astronauts on the moon since 1972, while the U.S. Space Force relies on SpaceX to launch nearly half of its national security missions to space.

SpaceX rivals promise additional work for the FAA’s hamstrung space office.

Jeff Bezos’ Blue Origin expects a debut launch of its New Glenn rocket by year’s end, while the Boeing (NYSE:BA) and Lockheed Martin-owned United Launch Alliance tries to quicken the launch pace of its new Vulcan rocket. Smaller rockets in development by a handful of U.S. startups are racing to market.

The FAA’s space office also faces a looming task to also regulate spacecraft and private astronaut safety, for which no U.S. regulations exist. Industry groups have repeatedly pushed to extend a congressionally set ban on such regulation.

Moran’s letter asked how the FAA space office’s mission could be helped by spinning it off into its own standalone entity under the Department of Transportation, the FAA’s parent agency, an idea some in the industry have supported.

This post appeared first on investing.com
Previous Post

Israel signs deal to expand production of missile defence laser

Next Post

CrowdStrike, Delta sue each other over flight disruptions

Next Post
CrowdStrike, Delta sue each other over flight disruptions

CrowdStrike, Delta sue each other over flight disruptions

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025
    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    January 23, 2025
    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    January 23, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators
    • ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved