Booming rockets: is it even worth it?

Many new players have been trying to enter the space launch industry in the past decade and with the development of new rockets comes an inevitable increase in expensive fireworks.

Now a question I heard a couple of times especially after the Virgin Orbit bankruptcy or the three Starship flights “failing” is basically “but is it even worth it?” (the level of progress between each Starship flight is so huge that defining these as failures is a bit harsh to be fair)