@Wikisteff @jknodlseder My assumption has been that the money backing LEO megaconstellation plans will eventually be cut off - Starlink has run through a few billion dollars and is losing hundreds of millions per year; OneWeb as it now exists has bankrupted multiple companies; etc. ( The article @sundogplanets linked does emphasize overfiling.)
But that's in no way an excuse for the failure of regulation.
Especially since when a company goes bankrupt, who becomes liable for the satellites?