Trumps order, among other things, directs the US transportation secretary to eliminate or expedite environmental reviews for launch licences administered by the Federal Aviation Administration, the White House said in a statement.
The declaration also calls on the secretary to do away with outdated, redundant or overly restrictive rules for launch and re-entry vehicles.
Inefficient permitting processes discourage investment and innovation, limiting the ability of US companies to lead in global space markets, the executive order states.