Buried deep in SpaceX’s freshly filed IPO paperwork sits one of the strangest risk disclosures I’ve read in years. It describes a threat that could limit launches, ground satellites, and force expensive course corrections in orbit. SpaceX itself is the single biggest contributor to this threat.
I’ve been following the commercial space race for over a decade now, and this is the first time I’ve seen the company quietly concede, in black and white legalese, that its own success may be building the wall it eventually runs into.
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