Thus having a safe and economical way to get to space, we can start building space stations in low Earth orbit. The ISS is such a space station, but unfortunately it relies on an expensive and unsafe mean of transport. This is why its growth is that slow.
With the technology described in phase 2 we could build dozens of much bigger space stations for the same cost.
Bigelow Space Hotel by Bigelow Aerospace. Photo by Graham Grable.
In this way, space tourism would become a dynamically developing sector of the economy with the emergence of space hotels and thus become a profitable business.
But all the debris accumulated in the low Earth orbit since the dawn of the space age could become a serious threat to these space hotels. These debris could become raw materials for future space factories.
It would also be a good idea to have a network of orbiting space telescopes to have an eye on the Near Earth Objects (NEOs) in order to warn in time in case of an object in a collision course.