The Biden administration eased export restrictions for US commercial space companies, benefiting firms like SpaceX and Lockheed Martin, and enhancing international cooperation.

The Biden administration has relaxed export restrictions for U.S. commercial space companies, allowing easier shipment of satellite and spacecraft items to allies like Australia, Canada, and the UK. This policy aims to boost the U.S. space industry while safeguarding national security, benefiting companies such as SpaceX and Lockheed Martin. The changes will facilitate cooperation among over 40 nations, enhancing technology sharing and supporting initiatives like the AUKUS security pact.

October 17, 2024
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