> lack of funding reflects the lack of interest. For-profit investors don't see the business opportunity
Not true. Launch and propulsion are amply funded. (If you have a good idea in the space, and capacity to execute, I’d love to connect.)
> Rockets are not particularly expensive, but they are also not particularly relevant
Hell of a lot more to launch than just rockets. And there is demand, today, for non-SpaceX launch providers.
Plenty of capital stands ready for this sector. And hundreds of millions are deployed every quarter. (Yes, private capital, occasionally in the billions.) SpaceX crowds out the market, yes, but Arianespace suffocates it by providing the same crowding effect with none of the utility in pay-off. And part of SpaceX’s wake comes in the form of commodification, particularly at the low-mass end. (To be clear, I think smalsat launch is overblown.)
Not true. Launch and propulsion are amply funded. (If you have a good idea in the space, and capacity to execute, I’d love to connect.)
> Rockets are not particularly expensive, but they are also not particularly relevant
Hell of a lot more to launch than just rockets. And there is demand, today, for non-SpaceX launch providers.
Plenty of capital stands ready for this sector. And hundreds of millions are deployed every quarter. (Yes, private capital, occasionally in the billions.) SpaceX crowds out the market, yes, but Arianespace suffocates it by providing the same crowding effect with none of the utility in pay-off. And part of SpaceX’s wake comes in the form of commodification, particularly at the low-mass end. (To be clear, I think smalsat launch is overblown.)