The modern aerospace industry is experiencing a dynamic change from its traditional structure. What used to be a sector majority composed of national government sponsor agencies is slowly beginning a shift towards smaller corporates and privately owned businesses. Despite the rapid change in succession, there are still many positives and negatives to consider before coming to an appropriate conclusion. The biggest drawback that private companies currently face is a lack of experience. Over 90% are start-ups that have developed over the past 10 years and even the upper 10% have a limited amount of experience compared to the national agency giants. This gap in experience also leads to an important distinction between the 2 sides: risk. Governmental space agencies have the experience and budgeting order to perform with a larger risk margin than private companies. An example of that would be the recent space launch from Virgin Galactic. The launch which was scheduled for January 9th ...
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