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Pat Bahn and Ed Wright are working with the newly formed Suborbital Institute to further legislation, regulation, insurance, liability, and other relevant issues to expedite the creation of this commercial space industry. This Space Show program talks in-depth about suborbital space flight, the prospects for this new industry, and the work being undertaken by the Suborbital Institute. In addition, Mr. Wright explains in detail the prospects for rocket racing, its current status, and it commercial potential.