[the_duke]

There are billions going into extremely boring software startups all the time. The amounts raised by these "New Space" startups is relatively modest in comparison.

Sure, there is no way that the launch market will need Rocketlab, Astra, Firefly, Relativity and Blue Origin on top of ULA and SpaceX. Especially if Starship is successful ( a big Starship rideshare + in-orbit shutteling services will be almost impossible to beat if that rocket ends up being actually reusable).

It will definitely put a downward pressure on prices. And even if they go under, the know how and the talent will still be useful.

In any case, building an orbital rocket is certainly a lot more interesting than building the umpteenth webapp or SasS.