00:00Too state-run for real iteration, too political for real risk-taking, too fragmented for industrial
00:08capacity. While China experiments and the US escalates, Europe argues over responsibilities.
00:14The uncomfortable truth is, spaceflight is once again a geopolitical issue. Not as a symbol,
00:20but as infrastructure. Whoever can launch sets the rhythm and pace and determines who depends
00:27on whom. Whoever can't becomes a customer or a spectator. So, China's bet isn't a bet on the best
00:34rocket. It's a bet on endurance, learning curves and a market that is big enough to forgive mistakes.
00:41And that's precisely why we should take these companies seriously as a system.
