Earlier quoted context omitted.
Only about five people. But there's also an economy almost unrelated to those people that brings in $330,000,000,000 a year via satellites of various sorts. And if more of the internet starts getting routed through LEO that number is likely to go up a lot.
Satellites and rockets have a lot of regulation. SpaceX for example needed FCC approval before launching test satellites for it’s internet project. Satellites seem largely unregulated because they impact such a small number of things. It’s not not like the FDA is relevant when it’s all photons being sent back and forth.
Also, because when a company like Swarm launches even after their licenses are denied, all they get is a slap on the wrist.