The Space Shuttle was also a private company. United Space Alliance LLC owned the Space Shuttles, United Launch Alliance LLC owns the military rockets, Deep Space Transport LLC owns the SLS rocket.
“Privatized” space just means instead of the government hiring Boeing or Lockheed to design a rocket according to their requirements, picking contractors to build it, and creating an LLC owned by all the contractors to pay them, Jeff Bezos hires ex-Boeing and Lockheed employees to build a rocket to his requirements, and then sues the government until they agree to pay him to launch it.
The Space Shuttle was also a private company. United Space Alliance LLC owned the Space Shuttles, United Launch Alliance LLC owns the military rockets, Deep Space Transport LLC owns the SLS rocket.
“Privatized” space just means instead of the government hiring Boeing or Lockheed to design a rocket according to their requirements, picking contractors to build it, and creating an LLC owned by all the contractors to pay them, Jeff Bezos hires ex-Boeing and Lockheed employees to build a rocket to his requirements, and then sues the government until they agree to pay him to launch it.