SpaceX received key U.S. regulatory approval on Tuesday to increase the annual rate of Starship rocket launches from Texas and booster landings in various bodies of water, allowing Elon Musk's space company to significantly expand development of its giant Mars rocket.

The report grants SpaceX's request to boost the number of Starship launches from Starbase per year by a factor of five, to 25. It also allows up to 25 landings at the site annually by each of Starship's two stages, the giant booster called Super Heavy and the upper-stage spacecraft known as Starship, or simply Ship.

Elon Musk's SpaceX on Tuesday received approval from the US Federal Aviation Administration (FAA) to increase the number of annual Starship rocket launches from five to 25 at its Texas base, marking a major boost for the company's ambitions.