The relationship between regulators and space companies has become a point of tension, with some industry leaders arguing that regulation stifles innovation, and regulators insisting that their efforts are necessary to protect the public. Recently, clashes between SpaceX and the FAA have underscored the challenges of regulating a rapidly evolving sector.
The balance between necessity and burden of regulation in the space industry is delicate, raising questions about whether formal regulations are the best way to govern an industry that is still finding its footing.
On this edition of Ex Terra Extra, Mike Turner and Tom Patton discuss the current state of regulation in the space industry, and what may lie ahead as the industry grows. The FAA, the Courts and the insurance industry will all likely have roles to play.
The question of whether regulation is a necessity or a burden depends on one’s perspective, but one thing is certain: both formal regulations and industry standards will need to evolve to keep pace with the rapidly advancing space industry.
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