For the last few years, investors, analysts and other observers of the entrepreneurial space industry have been forecasting end times for the industry's current boom. The billions of dollars invested into smallsat constellations, small launch vehicles and related ventures, they argued, could not be sustained, given the lack of returns on those investments and an overcrowded marketplace that includes dozens of companies proposing constellations and more than 100 small launch vehicles. The industry was in a bubble, they predicted, that would soon burst.
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