Make “Space” for Innovation
John Thurston As space exploration becomes increasingly privatized, archaic regulations based on Cold-War era treaties are proving unduly burdensome—they threaten to hinder private innovation and handicap a great societal benefit. Although space is best regulated through international treaties, Congress can take the lead in ushering global space law into the modern era by establishing preferred, and hopefully influential, standards here in the United States. Congress ought to amend the Commercial Space Launch Competitiveness Act of 2015 to centralize regulatory authority, streamline authorization processes, allocate more risk to the private sector, and proclaim limited support for private property rights in space....