[Trump Proposes Exempting Space Companies from Environmental Reviews to Accelerate Commercial Launch Approvals, U.S. Space Stocks May Benefit] BlockBeats News, July 29, according to a WSJ report, the Trump administration is pushing a proposal to exempt space companies from certain environmental review processes in order to expedite approvals for commercial rocket launches. The report states that as U.S. commercial space launch activities continue to grow, the number of annual commercial space launches is expected to exceed 500 in the future. The government aims to boost industry development speed by simplifying regulatory procedures. The proposal is expected to benefit several commercial space companies, including SpaceX, Rocket Lab, Blue Origin, and Stoke Space. If the policy is implemented, the approval cycle for future launch missions by these companies may be further shortened.