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Abstract: Though unremarkable to some, the 1990s and 2000s saw important events and changes in the U.S. space sector. These changes were by no means preemptive but rather reactions to key events. This paper studies five moments over the two decades that have shaped the American space industry significantly. The author explains how these events have affected change and indicated shifting trends. The shifts examined are those in the American space industry’s structure as well as its approach to innovation and to the globalization of the space sector. [Copyright &y& Elsevier]