Occasional notes on questions that recur across engagements — usually because they sit between disciplines, or because the available answers feel unserious. Written for operators, not other advisors.
The Outer Space Treaty bars any nation from claiming the Moon. It says nothing clear about a company keeping what it digs up. That gap is now the most valuable unsettled question in commercial space.
Most regulation is encountered after it exists. The highest-leverage work happens in the years before — when the rule is still a draft and shaped by whoever shows up with a coherent position.
The first instinct of a founder under board pressure is to defend. The instinct is wrong. What follows is the architecture of a more useful response.
Most firms confuse the two and arrive, two years in, at an operating model no one designed. The conversation a board needs is the strategic one, not the technical one.
The firm takes on a small number of new retainers each year. First conversations carry no fee and no commitment. They begin with a written introduction.
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