This new space race might as well be a soap box derby in comparison to our military's space budget. While 100M might seem like a lot of space bucks, our Air Force has a roughly $12 billion dollar space budget which dwarfs what we spend on NASA or any of these private space ventures.
I wouldn't worry about space spending, or space infrastructure when our AF is spending oodles to put weapons and craft into space.
I'm not so interested in the funding. I'm interested in results.
There are too many people in the space industry who can write a nice paper showing what they could do if only you gave them a billion dollars.
Obviously private space (beyond GEO) is going to be huge at some point. The problem is bootstrapping.
When you have a chicken and egg problem, the solution is to build some small cheap thing that works to demonstrate your competence and attract larger opportunities.
John Carmack's started his own space program on about $5M of his own money and 10 years of effort. How many people in the US buy homes for more than $5M? How many shitty web apps get more funding than that?
It's reusable - something the government hasn't been able to produce. There are a lot of applications - vertical takeoff and landing testbed, acceleration of Technology Readiness Levels, microgravity research, upper atmospheric research, heliophysic observation, etc. It's not a "space program," but vehicles like ours and John's have a very real market.
I work for Masten Space Systems. What we've done on $2M could not be done for less than $50-100M by the government. It's unfortunate but they have ridiculous amounts of overhead that companies our size just don't have.
I wouldn't worry about space spending, or space infrastructure when our AF is spending oodles to put weapons and craft into space.