Concerns were raised at the SpaceCom conference in Orlando about the potential for the United States to lag behind in emerging space capabilities .
if regulations don't keep pace with industry advancements.
CEOs of Orbit Fab and True Anomaly, two space startups, emphasized the efforts of federal agencies to modernize and simplify satellite .
licensing rules during a panel discussion on January 31.
Faber emphasized the need to review and update regulations.