Don’t Panic! Let Entrepreneurs Take Astronauts Into Space
Recently Elon Musk’s SpaceX launched its latest Falcon 9 rocket into space. SpaceX is now arguably the world leader in the rocket business, rivaling the largest governments in the number of missions logged while outperforming them on cost. In February it launched the Falcon Heavy—the world’s most powerful rocket currently in operation—and in March it celebrated the 50th Falcon 9 flight.
However, its next space-faring innovation will require breaking through regulatory barriers instead of technical ones. And if you think rocket science is difficult, imagine what happens when you add confusing and ill-defined regulations—the types even regulators don’t always know how to enforce—into the mix.