You realize that satellites are not a new technology, right? There are literally thousands of them up there. Sputnik was launched in 1957.
Let's compare to mandatory pilots licensing. The first flights were in 1903 or so. Air traffic was regulated in various ways at the federal level by the 1920s. So about 20 years from first flight to regulation.
It has been over 60 years since the first satellite launch.
Also, airplanes have a distinct advantage: they are easier to track and always come down within a few minutes of breaking down. If anything, satellites should be more regulated.
The idea that putting satellites in LEO is some sort of brand new never-before-done thing that deserves wide latitude for greenfield engineering is crazy. Hell, I've owned a GPS receiver for about 20 years! Space is a frontier. LEO, however, has been a crowded commons for at least a decade or two.
> Why does reading this sound like a prequel to 1984?
Who knows, but this seems common enough that it deserved a name. I propose "1984 disease" as a new colloquialism for the act of comparing reasonable regulation to dystopian authoritarianism.