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The Economic Times

Global Business / The Economic Times

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US agency proposes accelerated approval for commercial space missions

The FAA is proposing new rules to speed up commercial space mission approvals. These changes aim to simplify licensing by waiving environmental law requirements. Currently, license applications can take up to thirty-six months for full approval. The agency seeks to reduce duplicative processes and needless delays for launch operations. This move follows a presidential executive order to accelerate the licensing process.

29 Jul 2026 11:24 am