New Space is a term now commonly used around the rocketry and satellite industries to indicate a new, speed focused model of development that takes its cue from the Silicon Valley mindset of "move fast and (hopefully don't) break things." Given that several of the founders of rocketry and satellite companies have a Silicon Valley background, that probably shouldn't be a surprise, but the mindset has resulted in an exponential growth in the number of satellites in orbit, and also an exponential decrease in the cost of getting them to orbit.
