On August 13, 2025, U.S. President Donald Trump signed an executive order aimed at streamlining federal regulations governing commercial rocket launches. The order seeks to expedite Federal Aviation Administration (FAA) licensing processes by reducing or accelerating environmental reviews, which is expected to benefit private space companies such as Elon Musk's SpaceX. The directive instructs federal agencies to eliminate barriers, including environmental and state-level restrictions, to accelerate the growth of the U.S. commercial space industry and boost domestic manufacturing and innovation. Additionally, President Trump revoked a 2021 executive order by former President Joe Biden that promoted economic competition by addressing corporate abuses and large mergers. This revocation rejects the Biden administration's comprehensive antitrust approach. The regulatory changes have sparked debate about their potential impact on the space sector and broader economic policies.