California Rejects Bid for More Frequent SpaceX Launches

Published On Oct 12, 2024, 7:03 PM

A California state commission has denied the U.S. Space Force's request to increase the number of SpaceX launches from 36 to 50 per year due to environmental concerns. The commission expressed worries about the impact of sonic booms on wildlife and the local community. This denial follows a previous approval of 36 launches, contingent on the Space Force addressing these environmental issues. SpaceX continues to dominate the space launch industry, providing services to NASA and the military, but faces scrutiny over the effects of its operations.

Stock Forecasts

The denial of increased launches could slow down SpaceX's operations and revenue growth in the near term. Environmental concerns may lead to further regulations impacting the company's launch schedule.

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