Emerging Space Markets
The turn of the new millennium has not been very kind to the space industry. Ambitious mobile telecommunications systems financed by the private sector in the 1990s either went bankrupt or never left the launch pad. Two economic recessions that have occurred within the last decade put even more pressure on the anemic growth in space agency budgets. Finally, the retirement of the space shuttle in 2011 left the United States without an indigenous human spaceflight capability to orbit for the first time since 1962.