What Happened
Multipolar Shift In Global Space Access Looms Large
The impending retirement of SpaceX’s Falcon 9 rocket is set to disrupt the global NewSpace economy, as the company shifts focus to its Starship heavy launch rocket. The Falcon 9’s phase-out is expected to create a launch capacity crunch, with China’s commercial space sector poised to capture a significant share of the market. This development may trigger a multipolar shift in global space access, with nations like Europe and India also investing in sovereign space capabilities. The move is seen as a response to the US-dominated space industry, with regional hubs like Hong Kong potentially playing a key role in bridging the gap. According to Unknown Source.