The rise of the commercial space industry.

This newsletter summarizes trends in the commercial space industry — including WEF findings that value is shifting to outcomes, sovereignty as a driver, and faster commercial innovation — and argues governments are moving toward modular, interoperable architectures while needing better investment signals, risk disclosures, and infrastructure. It highlights cybersecurity and resilience as important high-level requirements as commercial and government systems interconnect, and includes headlines about Rocket Lab’s acquisition of Iridium and an upcoming FCC C-band auction vote.