[dwaltrip]

The total market size might be low this year or the next. But, for better or worse, humans will continue to push into the unknown.

Reusable rockets will change the economics of space travel beyond recognition. Jevon’s paradox will strike hard and fast. Starlink is the initial proof of this.

Maybe Starship will be the first to achieve the fabled dream of rapid reusability. Maybe not. Either way, it’s a tractable engineering problem at this point and the path has been made pretty clear.

I have no idea what the valuation of SpaceX should be. But, in general, I’d bet a lot on the launch industry growing enormously in the coming decades.

[ndsipa_pomu]

The increasing amount of space debris will likely change the economics of getting satellites into space and keeping them there. The more junk there is, the more likely that it's going to hit something and create yet more debris.