What the contract histories of America's space champions show about what Europe is actually missing.
The usual story about Europe's space sector is about money: too little venture capital, and too few growth funds to close the gap. This edition reads the contract histories of America's commercial space champions and arrives somewhere else. What America gives its founders, ahead of any venture capital, is an earlier customer.
The full edition traces how anchor contracts, not capital, built the order books that European firms are still waiting for, and what that means for the companies, agencies and investors trying to close the gap from this side of the Atlantic.
Nothing in between, and one line back removes you. What happens to your address.