Launch is no longer the bottleneck we thought it was—it's becoming a scaling problem. In this episode, Kelli Kedis Ogborn sits down with Adrian Mangiuca, Managing Partner at Rational Futures, to unpack the firm's new analysis of U.S. launch demand and the conditions that will either enable or constrain the next phase of growth. From vertically integrated constellations and the step-change implications of proposed space-based data centers, to evacuation zones, shared infrastructure, airspace modernization, and the unproven economics of non-traditional launch sites, this discussion examines what actually drives (or limits) scale. The result is a clearer picture of how launch is evolving from a technical challenge into a coordination, capital, and infrastructure challenge, and what that means for the future of the space economy.