Here's your Forbes Daily Briefing for Wednesday, November 13th.

Today on Forbes, Trump 2.0 could put a rocket under SpaceX and the U.S. space industry.

Over the summer, as Elon Musk ramped up support for Donald Trump's election campaign,

the famously transactional former president seemed to promise the world's richest man

something in return. At a late July rally, Trump said, quote, we have to make life good for our

smart people, and he's as smart as you get. One thing Musk wants is for the Federal Aviation

Administration to speed up its processing of space launch licenses,

which his company SpaceX says is slowing the cadence

of test flights of its massive Starship rocket.

And then there's SpaceX's tussles

with the Environmental Protection Agency

over the impacts from Starship launches

on a wildlife-rich area on the Gulf Coast in Texas.

Trump, who will parachute a slew of new political appointees into the FAA and EPA,

could bring quick relief on both counts, and more broadly, rollback rules in the heavily regulated space industry. That would help all space companies, but none more than SpaceX,

according to Chris Quilty,

founder of the space-focused financial services firm Quilty Space.

Quilty said that at industry gatherings this year, competitors expressed mounting worries that SpaceX will get preferential treatment from the Trump administration.

He said, quote, even if you were pro-Trump and you're in the

space industry, you're thinking, crap, SpaceX is already killing it. Do they need any further advantage?

It's part of the reason why the space industry is looking at the return of Trump to the White

House with a mix of hope and trepidation. Trump built a strong pro-space record in his first term.

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