SpaceX's initial public offering (IPO) attracted intense interest for 2 trillion reasons. But one spectacular feature of this historic launch has barely blipped the public's radar screen.
Radio spectrum, the "invisible resource," is the superhighway of the modern economy. Yet a federal agency has traditionally controlled it, defining exactly what wireless technologies go where and dictating how they roll out. These intricate rules limit some rudimentary forms of interference, but typically block much more—throttling competition and innovation.
