Space capitalism needs more than a bull market

By most measures, commercial space is thriving. Washington produced a flurry of activity over the past year: two major executive orders, a raft of directives, and “space superiority” elevated to official doctrine. More recently, Wall Street answered in kind. On June 12, SpaceX went public in the largest initial offering in history, closing its first day worth more than $2 trillion. The public and private sectors agree that the commercial space age has arrived.