The following submission statement was provided by /u/Gari_305:

From the Article

>The rapid expansion of commercial space activity, as well as its integration into key government programs and services, represents a leap into uncharted waters. The rise of entrepreneurial “New Space” companies will challenge the capacity of both individual states and the international community to regulate and coordinate private space activity effectively. As the cost of placing payloads in space declines, the political and strategic importance of commercial space flight will only grow. Ensuring space is governed responsibly will be essential.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/yl1bqn/the_promise_and_perils_of_the_new_space_boom/iuvvnu7/