Establishes within the Department of Business, Economic Development, and Tourism the Hawaii Orbital Sustainability and Space Traffic Board and orbital tracking and traffic management system. Establishes registration and compliance standards for aerospace activities in state airspace. Authorizes the awarding of research, education, and workforce development grants. Requires compliance with the Hawaii Environmental Policy Act and historic preservation requirements, and Native Hawaiian cultural consultation. Requires annual reports to the Legislature. Appropriates funds. Effective 7/1/3000. (HD1)