US-China orbital arms race is forging a trillion-dollar space economy

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The US and China are engaged in an orbital arms race that is driving the growth of a trillion-dollar space economy. This new era is characterized by the capitalization and domination of low-orbit space, fueled by private sector innovation and military strategy. SpaceX is preparing for a potential IPO with a projected $1.5 trillion valuation, signaling the arrival of the space economy's golden age. The competition involves both private companies seeking breakthroughs and governments securing orbital assets for national security. Unlike the 20th-century space race, this competition is driven by both economic opportunity and military deterrence, with commercial networks viewed as strategically important.
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