The European Union on Wednesday launched the first satellite in its $4.5 billion Galileo global positioning system, a bid to enhance the world's growing reliance on satellite navigation and break the U.S. monopoly on space-based networks. (Washington Post, Friday)
If a real economy is going to flourish in space, then taxation, regulation, and property rights must be addressed.
FEE Timely Classic
Has a New Era of Space Venture Arrived? by Raymond J. Keating