The space industry is facing a critical juncture as the number of satellites in orbit continues to skyrocket, raising concerns about collisions and debris. The US Federal Communications Commission (FCC) is proposing new rules to modernize satellite approval processes and enhance space safety, but these measures have sparked a turf war over regulatory authority. The FCC, traditionally the de facto regulator due to its spectrum management role, is now facing challenges from the Department of Commerce, which argues for a shift in oversight to ensure global competitiveness. This shift is supported by both sides of the political aisle, but it highlights the complex dynamics within the industry. The proposed rules, which mandate real-time tracking data sharing among satellite operators, aim to improve collision prediction and management. However, they have ignited a debate over who should have the final say in space regulation. The industry, including SpaceX, OneWeb, and Amazon, is largely in favor of the FCC's proposal, as it also includes sweeping regulatory reforms to streamline the satellite launch process, making it easier and cheaper for companies to get their satellites into space. This change from prescriptive to performance-based rules is expected to benefit smaller startups and larger companies alike, reducing barriers to entry and accelerating the licensing process. The industry's rapid growth and the increasing importance of space activities have prompted this regulatory response, but the question of who holds the regulatory reins remains a contentious issue.