Arianespace valuation, $500 million. Rocket Lab, $1 billion: New Space thinking

by Peter B. de Selding

PARIS — You know the power of New Space and the New Economy — as ideas, if not as business models — has reached a high-water mark when the former director-general of the European Space Agency seeks to explain the fact that a startup launch operator has a higher market valuation than Europe’s Arianespace.

Jean-Jacques Dordain, who is now on the advisory board for the Luxembourg government’s space-mining initiative,, did not defend the fact the valuations themselves, but rather to defend their . . .

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