Why Britain’s space industry should be celebrated

The attempted launch of a rocket via a Boeing 747 from Spaceport Cornwall – the first such attempt in Europe – was not a giant leap so much as a giant plunge. While the plane took off and landed successfully, the rocket released from beneath its wing at 35,000 feet crashed and burned, taking with it the nine satellites it was supposed to launch into orbit.

It is easy to imagine Vladimir Putin chortling at the news that Britain has failed to do something the USSR managed...