Not a great look. Although I personally believe that the fines referenced are basically a joke, SpaceX and the industry as a whole still need oversight and accountability. Cruz called it “regulatory overreach” when in reality it’s closer to regulatory impotence, where the agency responsible has woefully inadequate resources and totally outdated guidelines. So change is desperately needed. Maybe some good will come of this but I don’t have high hopes.

On a personal note, it’s still amazing to me how SpaceX has grown from being a struggling startup into an industry behemoth.