The above article is quite good, so why try to rewrite what someone else did so well? :)
My take on this is quite simple, as investors start to see the serious potential in the private space industry, it will lead to stronger growth and higher aspirations from the private space companies. Investment begets growth. LEO is but the first step on the ladder, and as long as the U.S. government, and governments around the world for that matter, help to make it possible for the private space industry to solidify markets and build the industry, we will see the New Space Movement become the next major evolution in the economy of mankind.