BlockBeats News, July 29th, according to WSJ, the Trump administration is pushing a proposal to exempt space companies from certain environmental review processes to expedite commercial rocket launch approvals.

The report states that as the US commercial space launch activities continue to grow, it is expected that the annual number of commercial space launches will exceed 500 in the future. The government hopes to enhance industry development by streamlining the regulatory process.

The proposal is expected to benefit several commercial space companies, including SpaceX, Rocket Lab, Blue Origin, and Stoke Space. If implemented, the policy could further reduce the approval timeline for future launch missions by these companies.