Charles Lurio has a new report out (subscribers only). His thoughts on SpaceX’ success this week:

Of course, the present milestone doesn’t mean that all possible problems and failures are past them. Forthcoming in a few months is their first attempted launch of the massive Falcon 9 from Cape Canaveral, then next year, of the Falcon 1e with upgraded payload capabilities. And the company must consistently deliver success at their promised lower costs than other comparable systems.

But what happened this week is a blow to a pernicious and refractory mythology, one that has permeated world perceptions since the hurried but astounding accomplishments of the early ‘space age.’ Consciously or not, among the public (and an embarrassing fraction of the engineering community), so-called “rocket science” was cut off from the possibility of gradually becoming more practical and lower cost, the normal path with so many other technologies. Movement to such practicality was instead often seen to require near-miraculous ‘super-science.” That was always just a negative form of “magical” thinking rather than being based on reality.

A couple of weeks ago I was standing in the forecourt of Westminster Abbey in London. There, atop a pillar, stands a sculpture of St. George slaying the dragon. SpaceX has just contributed a wound to the dragon of a mythology that has kept _all_ humanity from the limitless promise of space. The outcome of the struggle is not certain, but as it has before, the New Space community will continue this battle as long as it can.

There’s a lot more, for subscribers, including a great report on things starting to stir across the pond, particularly in the UK. I highly recommend subscribing. He needs contributors to keep doing this, and there’s no one covering this field better.