The space economy narrative is a classic case of forecast inflation, where expansive definitions and optimistic projections create a perception of rapid growth that doesn’t align with operational realities. The pattern is familiar: like cleantech, blockchain, and autonomous vehicles, the space sector’s forecasts often overpromise on specific categories (e.g., space tourism, asteroid mining) while underdelivering on the composition of growth. The core issue isn’t that the sector isn’t growing—it ...