The Discord classified document leak highlights that China has the space capability “to hold key U.S. and Allied space assets at risk.” Yet much of America’s “NewSpace” industry, our best hope to keep our technological edge over China in space and to bring competition to the major defense contractors, is crashing to earth. Virgin Orbit, despite $60 million in loans from Richard Branson since November, has largely ceased operations, laid off most of its employees and filed for bankruptcy. Stock exchanges have sent delisting notices to Astra, which has launched satellites to orbit, Momentus, a space tug company, and Spire,...