In this week’s Monday episode, we explore the shifting dynamics of space governance with Chilean space policy expert Victoria Valdivia Cerda.

Dominic and Victoria examine how the growing entanglement between state power and commercial space actors is reshaping global norms. They discuss the challenges posed by the monopolisation of low Earth orbit, the blurred boundaries between public infrastructure and private control, and the risks of regulatory fragmentation. Starlink, as a prominent example, illustrates how a commercial platform can evolve into a geopolitical actor — raising urgent questions about accountability, access, and influence in orbit.

Victoria shares insights on the vulnerabilities of relying on a single private actor for global connectivity, particularly in times of crisis and disaster. She warns of the risks posed to democratic sovereignty, equitable access, and orbital sustainability when commercial dominance outpaces international regulation. The conversation also highlights Latin America's growing role in space, Chile’s forward-leaning defense strategy, and the urgent need for multilateral rules to prevent future orbital conflicts.

Victoria Valdivia Cerda is a Global Fellow at the European Space Policy Institute and lectures on space policy at Chile’s National Academy of Strategic and Political Studies. She has contributed to Chile’s national defense whitepapers and is a rising voice in international space governance, calling for smarter, more inclusive policymaking in orbit.

The International Risk Podcast is a must-listen for senior executives, board members, and risk advisors. This weekly podcast dives deep into international relations, emerging risks, and strategic opportunities. Hosted by Dominic Bowen, Head of Strategic Advisory at one of Europe’s top risk consulting firms, the podcast brings together global experts to share insights and actionable strategies. With over 20 years of experience managing complex operations in high-risk environments, combined with his roles as a public speaker and university lecturer, Dominic is uniquely positioned to guide these conversations. From conflict zones to corporate boardrooms, he explores the risks shaping our world and how organizations can navigate them.

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