I'm on the fence here for the simple reason I have absolutely no idea if there is a business case for space investment. It costs a lot of money to send things into orbit, but that means not many nations have that capability, which in turn means those who do send satellites into orbit can make money off them. Communications, GPS, space research, even secure data storage, I can immediately think of four potential markets.

If there's significant money to be made, to which the taxpayer benefits, then it's a great idea. If it's a huge waste of money, it's a terrible idea. Naturally I lean towards this just being a way to boost the taxpayer-funded income of military-grade corporations, but in pure business terms, there aren't many people qualified to know if it's economically feasible or not.