Written by François Dubrulle For nearly two decades, “New Space” has been the darling of investors, policymakers, and the media. The story was compelling: strip away the bureaucratic weight of government programs, move fast with small teams, prototype cheaply, fail quickly, and disrupt an industry that had seemed untouchable since the Apollo era. Silicon Valley’s mantras were transplanted onto the launchpad. And for a while, the narrative worked.
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