commercial space launch
Perhaps the strongest sign to date that the space industry is in some kind of bubble is the creation of Hypergiant Galactic Systems.
FAA officials said Oct. 31 that they’re on schedule to release a draft rule reforming commercial launch regulations, although some in industry are concerned that the work is going too quickly.
The commercial spaceflight industry expects to learn more this week on the status of regulatory reform efforts as well as progress on improving the integration of launches into the national airspace system.
With orders for geostationary orbit satellites declining, potentially permanently, commercial launch service providers are looking to government and other markets to make up for lost business.
As the commercial launch industry seeks regulatory reforms to streamline the licensing process, other are raising concerns about a schedule that calls for those changes to be completed next year.
Senate appropriators offered a budget increase to the Federal Aviation Administration office that licenses commercial launches, while also calling on the office to streamline its regulatory processes.
The rapid market development for commercial space launch services over the past several years threatens to overwhelm the capacity of the federal government to efficiently manage airspace usage between planes, unmanned aerial vehicles, and spacecraft.