Are New-Space Company Overhauls Seasonal Or Terminal?

Terran Orbital small satellite assembly
Credit: Terran Orbital
Another month and another new-space company announces a major change to its business plan. But are all the strategic overhauls a sign of the inevitable collapse—once again—of space entrepreneurship, or is it a necessary recalibration on the path to a new economy, even if it is one of many to come...

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