The Australian government’s reaction to the increasing demand for NewSpace launch services allows insight into how a government may effectively regulate that industry. By addressesing some advantages and the challenges under the Australian model of regulating NewSpace launch, this paper suggests governments seeking to control those activities are most effective when they demonstrate an appreciation of regulation’s effect on progress generally and an awareness of the various domains and nuances associated with launch activities before forming a policy position. The analysis to this point also suggests that a slow start in proactively regulating NewSpace launch is, alone, no inhibitor to a government revising its approach and improving its regulatory frameworks.