Space Law Experts Launch Regulatory Calculator for Space Industry Startups
2024年6月4日 - 9:30PM
Aegis Space Law, a leading law firm for the commercial space
industry, announced today the launch of a free, first-of-its-kind
Space Regulatory Calculator, designed to guide companies through
the U.S. space regulatory landscape, overseen by five primary
government agencies. The calculator was created specifically for
U.S. commercial space companies that want to understand the
complexity, time and cost involved in navigating the entire U.S.
federal regulatory process, enabling them to ensure legal
compliance and manage budgets.
“We know early-stage companies are often entering into uncharted
territory when it comes to meeting space regulatory requirements,”
noted Aegis Co-Founder Bailey Reichelt, who developed the
calculator with Aegis Partner, Will Lewis. “The sophisticated legal
advice needed to navigate this many agencies effectively can cost
more than most companies can afford. This leaves companies
vulnerable to missteps that can cost time, money or even mission or
organizational viability. This calculator was designed to provide a
strong and affordable first step in the direction of
mission-critical regulatory compliance.”
The continuous evolution and complexity of U.S. space law and
regulation is due in part to innovation in the industry and the
sheer volume and types of activities being regulated, including
launch, reentry, remote sensing, export controls,
telecommunications, frequency allocations, and space safety. These
activities are managed and enforced across a minimum of five
government agencies:
- Federal Aviation Administration (launches, reentries)
- National Oceanic and Atmospheric Administration (remote
sensing)
- Department of State (export controls)
- Department of Commerce (export controls)
- Federal Communications Commission (telecommunications, spectrum
access, space safety)
In order to navigate the requirements
of these agencies, the calculator enables a company to use a single
business objective to answer a series of “yes/no” questions.
The calculator will then tell the
company which government agencies it needs to speak with, what
timeline it can expect to face given these requirements and how
much budget it may want to allocate to comply with the expected
regulatory process. (A small business looking to launch its first
satellite, for example, would see, among other things, that it may
need to plan at least two years in advance to ensure required
licenses are obtained prior to launch.) Because of the
ever-changing nature of U.S. space law and regulations, Aegis will
regularly update this calculator as regulations change and continue
to iterate on the user friendliness of the interface.
“On a practical level, this tool was
designed to help companies get a ballpark idea of realistic
timelines and avoid penalties and fines…or worse,” Reichelt
emphasized. “But more fundamentally, it was created to lower legal
barriers to space by strengthening knowledge among those driving
the U.S. space industry innovation engine. And that’s critical for
everyone.”
About Aegis Space LawFounded in 2020, Aegis
Space Law is a leading U.S. law firm that focuses on serving the
commercial space industry. The firm is dedicated to advancing the
space industry by using a focused and innovative legal approach
which holistically addresses law as it applies to the commercial
space industry.
Media Contact: Natalie RizkThe RiotMind
Agencynatalier@theriotmind.agency1 [505] 252-4279