It's a land race for space. SpaceX and similar are racing to put their junk up their in orbit as soon as possible so they can squat. So who is going to regulate space? Will China Russia and North Korea respect ownership at 10KM up? What happens when GPS and GLONAS go out because of debris and some stupid war?
Humans have shown no ability to manage resource constraints like this without losing their shit and fucking it up. I have no faith that there won't be space drama in the next few hundred years. Maybe this hundred years.
And, to your point, the fact that it's cheaper, and it will get cheaper yet, is going to exacerbate these space regulatory issues.