Elon Musk’s company will be allowed to begin launching its Starship rocket up to 25 times a year from its Starbase complex in Texas, according to the FAA.

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.

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.