Same was true for Iridium and Teledesic as they thought they'd win new Strategic Defense Initiative contacts in the late '90s, but that didn't happen and they all went bankrupt when that gold pot disappeared.
With the midterm election results, the same is probably happening soon with Starlink. Dems won't fund Golden Dome and Starlink satellites only last 5 years before burning up.
Read about Pete Worden and Michael D. Griffin and how they started Mars Society for the history.