Rand Simberg lays the wood on Loren Thompson regarding SpaceX, AKA new space.
New START may leave a lot to be desired but new space, not so much: legacy launch system costs, that is EELV, are (forgive me) sky high.
Other recent and related stories:
SpaceX, The Company That Saved NASA?
China and SpaceX, and
SpaceX’s Step Into the Mega-rocket Market
Songs of Space & Nuclear War 