Trump has previously mentioned his intention to create a Space Force.
The president also signed an initiative called "Space Policy Directive -3, National Space Traffic Management Policy." Among other issues, the document addresses the unfolding crisis and growing danger of space junk circling the planet.
National Space Council executive secretary Scott Pace said the policy addresses "the challenges of a congested space environment," CNN reported.
“If we’re going to expand the economy in space, we need to make sure it’s done in a sustainable way,” Pace said.
The policy will also help private space interests in "more rapid and more accurate information on where they can launch" as well as "flexibility in launch windows," Pace said, according to CNN.