block51, how's your relationship to the rest of the international sounding rocket community. Do you colaborate with JAXA, DLR/Brazil, etc.?
Do you help the recoverable suborbital market (Virgin, Masten, etc.) Do you perceive them as a danger to your job or as a great opportunity?
As far as I know the most we do in terms of collaboration is use their ranges. The Nasa sounding rocket program launches out of Andøya Rocket Range with a fair amount of regularity. Due to lots of complicated ITAR stuff it would be VERY difficult nowadays to help design a payload that then launches on a, say German, sounding rocket. Very difficult for NASA (or their contractors) that is. Even launching US payloads on a US rocket from a foreign range takes a lot of paperwork coordinated (I think) through the department of state.
Now, that being said, American citizen principle investigators (PIs) very often bring in international collaborators. Often times we are flying foreign designed / made instruments and working with foreign co-PIs. This is a bit of a pain in terms of the whole ITAR thing. We have to establish a technical assistance agreement (TAA) that is coordinated (I think) through the department of state. You can imagine that taking a month or so for something simple.
All that being said, it isn't uncommon for US researchers to fly their instruments on foreign rockets. I think companies tend to be a bit on the extreme side of deciding what needs a TAA whereas university types tend to say "Eh... whatever". Of course I don't really know what all the rules are with respect to ITAR. An example of a US researcher flying on forgien vehicles would be (and he's not the only one... just one that I happen to know of off the top of my head) is Dr. Miguel Larsen. He was the PI on ATREX last year, anything with TMA, and is someway involved with most any chemical trace release that is done across the world it seems. I know he has launched many of his payloads (same design as launched with us) on Japanese suborbital vehicles.
As far as commercial stuff goes, the NASA sounding rocket program seems to stay very far away from them. I, however, have been watching them with great interest. I don't see them as a threat to my career so much as I see them as an opportunity to further expand suborbital access to space which would do nothing but further the opportunity for people to fly the things we already fly. I think the NASA sounding rocket program is going to be around in some form for quite a while, but I don't think I'll be here forever. I am very excited, personally, for the development of the reusable suborbital vehicle market because I think it means the possibility of more job opportunities for me!
Finally, any growth in the space industry can be turned into a good thing for Wallops because there is a great launch range here. If we can get more things launching from here it means more jobs, and more high paying jobs. The county that wallops is located in (Accomack) has a per capita income that is 28.7% lower than the VA average ($23,556 vs $33,040) and a median household income that is 34.3% lower than the VA average ($41,595 vs $63,302). More well paying technical jobs in this area can only help, and if the community and NASA play it smart I see no reason they can't leverage an increase in the number of suborbital launches in the world into something that is good for this area. There is a HUGE amount of experience in this area in all aspects of space flight (well perhaps not manned spaceflight) that can be tapped.
So short answer... more flights is good for the industry which is good for everyone which is good for me

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Sorry for the giant de-rail in the suborbital thread!