> Who's going to regulate?
I will; when I am elected God-Emperor, I will set up a global defense network that will shoot down any unauthorised launches. I will also build a space palace, because I can.
Only half-joking; space will be regulated when one force becomes dominant and individual countries' rights are taken away, OR when the majority of countries, but specifically the biggest and most powerful ones, get to an agreement - but given the significant differences between e.g. the US, China, India and Russia, that's unlikely to happen anytime soon. So at the moment, a globally dominant world power setting the rules will be the likely candidate.
But first, there needs to be a tipping point of sorts, a line that is crossed. That'll either be space-based weapons or missile defense systems, or simply being out-competed. It'll be at least another decade plus billions of investments before any other nation or company can start to compete with SpaceX's launch capacity, and they haven't stopped yet; if Spaceship becomes viable they and the US will have a huge lead, and the launch capability to set up a global missile detection / defense / space offense network.
wrong. NK as an example has the capacity to design and deliver and deploy load after load after load of small rusty ball bearings into random low earth orbits, leaving existing geo syncronous satelites as the only platforms operating in earths orbit, SK, Japan, France, etc ,etc, etc,....russia, china,.......many large industrial companies(mitsu, hiundi, various name shify US companies)..... can just shut the whole thing down long before any emperor starts issueing edicts from orbit. this is the classic example of where the "defence" is orders of magnitude easier and cheaper than the "offence"
> NK as an example has the capacity to design and deliver and deploy load after load after load of small rusty ball bearings into random low earth orbits
Funny that the only country that actually did that was the US...