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SpaceX nighttime rocket launch on March 6, 2018. Credit: SpaceX

As private companies plan to send thousands of satellites into space to expand broadband internet services and for other uses, the Trump administration is taking steps to ensure that space debris doesn't get out of control.

Why it matters: We are beginning to see a large uptick in the number and diversity of satellites being launched into space by governments and private companies, such as Elon Musk's SpaceX. If no one modernizes the rules governing space, then there's the potential for overcrowding at various altitudes above Earth. This overcrowding could hold back the burgeoning space industry, and threaten national security.

What's next: On Monday, the president signed a space policy directive that gives various government agencies clearer roles in governing space.

“The space operating environment are becoming increasingly crowded. Orbital debris poses a growing threat to space operations."
— Scott Pace, the executive secretary of the National Space Council, on a call with reporters.

The details: The new policy directive requires that updates be made to orbital debris mitigation practices, as well as new guidelines for designing and operating satellites.

  • Under the directive, the Pentagon will continue to maintain the official catalog of all space-based assets, while the Commerce Department will take on new responsibilities in fostering the development of the private sector space industry.
    • For example, Commerce will be the agency that the public can go to for information on satellites currently in space or planned to be launched (unless they're classified military missions).
  • Commerce, which houses an eclectic mix of agencies, such as the Census Bureau and NOAA, will also be one of the main agencies for private sector space companies to go to for oversight of their planned launches.

What they're saying: “We’re basically getting everyone in their lanes," Pace said of the new division of oversight between departments.

President Trump, when signing the directive, alluded to the billionaires whose companies are launching rockets to space, such as Musk and Jeff Bezos of Blue Origin, saying: "I always said, rich guys seem to like rockets. All of those rich guys dying for our real estate to launch -- we won't charge you too much, just go ahead."

Go deeper

Dion Rabouin, author of Markets
9 mins ago - Economy & Business

The European Central Bank and the market's moment of truth

ECB president Christine Lagarde; Photo: Chip Somodevilla/Getty Images

The biggest event for markets this week will be Thursday's meeting of the European Central Bank's governing council and the press conference following it from ECB president Christine Lagarde.

Why it matters: With interest rates jumping around the globe, investors are looking to central bank heads to see if they will follow the lead of Fed chair Jerome Powell, who says rising rates are nothing to worry about, or Bank of Japan governor Haruhiko Kuroda, who has drawn a line in the sand on rates.

Mike Allen, author of AM
50 mins ago - Politics & Policy

Manchin's next power play

Photo: "Axios on HBO"

Sen. Joe Manchin (D-W.Va.), America's ultimate swing voter, told me on "Axios on HBO" that he'll insist Republicans have more of a voice on President Biden's next big package than they did on the COVID stimulus.

The big picture: Manchin said he'll push for tax hikes to pay for Biden's upcoming infrastructure and climate proposal, and will use his Energy Committee chairmanship to force the GOP to confront climate reality.

Why picking a jury for the Derek Chauvin trial is so hard

Illustration: Eniola Odetunde/Axios

The tough task of selecting a jury for former MPD officer Derek Chauvin's trial for the killing of George Floyd is set to begin Monday.

The state of play: "This case may be the most highly publicized criminal trial in a long time. ... That means that it's harder to find people who really have an open mind," Richard Frase, University of Minnesota Law School professor of criminal law, told Axios.