China successfully carried out its first test of an anti-satellite weapon last week, signaling its resolve to play a major role in military space activities and bringing expressions of concern from Washington and other capitals, the Bush administration said Thursday.
Only two nations — Russia and the United States — have previously destroyed spacecraft in anti-satellite tests, most recently the United States in the mid 1980s.
Arms control experts called the test, in which a Chinese missile destroyed an aging Chinese weather satellite, a troubling development that could foreshadow either an anti-satellite arms race or, alternatively, a diplomatic push by China to force the Bush administration into negotiations on a weapons ban.

super fantastic great...

China successfully carried out its first test of an anti-satellite weapon last week, signaling its resolve to play a major role in military space activities and bringing expressions of concern from Washington and other capitals, the Bush administration said Thursday.

Only two nations — Russia and the United States — have previously destroyed spacecraft in anti-satellite tests, most recently the United States in the mid 1980s.

Arms control experts called the test, in which a Chinese missile destroyed an aging Chinese weather satellite, a troubling development that could foreshadow either an anti-satellite arms race or, alternatively, a diplomatic push by China to force the Bush administration into negotiations on a weapons ban.

“This is the first real escalation in the weaponization of space that we’ve seen in 20 years,” said Jonathan McDowell, a Harvard astronomer who tracks rocket launchings and space activity. “It ends a long period of restraint.”

I saw this earlier today, and intended to comment in length. I've since remembered how hard that is to do with a broken hand.

We should just come up with a set of reasonable terms and make a treaty happen. I don't see the weaponization of space as a strategy that will lead to the monetization of space.