This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
After the Federal Aviation Administration (FAA) granted SpaceX the authority to conduct Starship launches from Texas, the agency updated its website with the official license. The FAA had confirmed the approval late evening earlier today as part of an emailed statement to reporters by that added that the agency will also monitor civil air traffic at the time of launch and use time-based procedures to ensure that traffic remains as optimal as possible. SpaceX's license, shared on the FAA's website, shows that an agency inspector must be present on-site at Boca Chica, Texas before Starship can launch and that the company has to meet other environmental requirements.
As is the case with FAA licenses, they lay out a broad set of terms that cover what a company is allowed to do and not do as part of its operations. SpaceX's approval for the Boca Chica, Texas site has been under process for years now, after the FAA conducted a detailed environmental review, which had to be revised for the Boca Chica site since SpaceX had originally planned to develop it as its private port but shifted gears to Starship instead.
This led the FAA to inform SpaceX last year that while it did not have to conduct a full environmental assessment, the firm still had to address some of the issues raised. After a detailed commentary period that saw thousands of comments pour in, the FAA finally cleared the Starship site, which led to the environmental approval process.
The lengthy process for a launch license culminated earlier today when the FAA confirmed that it has granted SpaceX approval to launch the Starship
Read more on wccftech.com