SAN FRANCISCO — A flurry of new commercial space activity is attracting interest from investors seeking to profit from the fledgling suborbital tourism trade and cargo transportation business. Space industry executives and financial analysts caution, however, that some of those opportunities are best suited for patient, long-term investors.

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Debra Werner is a correspondent for SpaceNews based in San Francisco. Debra earned a bachelor’s degree in communications from the University of California, Berkeley, and a master’s degree in Journalism from Northwestern University. She is a recipient...