Key Takeaways:
SpaceX's Starship exploded during its first near-orbital test flight, but it was regarded as a “successful failure” and SpaceX is still working to achieve breakthroughs in space exploration
Elon Musk's reusable starship has drastically reduced flight costs, making travelling to Mars more affordable and accessible, creating new opportunities for the Global Space Economy.
The growth of new Space Technology Company initiatives like Starlink has revolutionised traditional sectors, especially the telecom services, leading to further consolidation and competition
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