Galactic Gold Rush: Private Spending on Space Is Headed for a New Record

February 5, 2015 1:00 PM

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Call it Space Race 2.0. Almost a half-century since the Apollo moon flights, entrepreneurs are expanding the boundaries of rocket and satellite technology as the U.S. makes room for private enterprise.

The result is a wave of innovation that echoes the leap in computing from key-punch mainframes to hand-held devices, with startups from San Francisco to Sydney pursuing new engines and Earth-orbiting probes as small as softballs.

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