A $30 million experiment in commercial orbital servicing ended Friday when Katalyst Space Technologies' Link spacecraft re-entered Earth's atmosphere after 85 days in orbit, having failed to capture and reboost NASA's Neil Gehrels Swift Observatory. The three-armed robotic spacecraft got tantalizingly close — 12 to 15 kilometers — but electronics failures early in the mission crippled two of its three reaction wheels, sent it into a deep spin, and ultimately left it without enough fuel to complete the rendezvous. The timeline alone was extraordinary. Katalyst won the NASA contract in September 2024 and launched from Kwajalein Atoll in the Marshall Islands on 3 July — a 22-month sprint from contract to orbit for what was billed as America's first commercial space robot. That pace reflects both ambition and desperation: Swift, launched in November 2004 to study gamma-ray bursts and other cosmic transients, was being dragged down by the very solar activity it was built to observe. NASA suspended observations earlier this year and repositioned the satellite to minimize atmospheric drag while the rescue was prepared. The failure mode is instructive. Link's electronics issues emerged after launch and disabled two of three reaction wheels essential for maneuvering in orbit. At one point the spacecraft went into an uncontrolled spin. Ground teams restored communication and partial control, but by the time they stabilized the vehicle, insufficient propellant remained for the final approach and capture. Mission managers formally abandoned the rescue attempt last month. NASA's response has been notably measured. Shawn Domagal-Goldman, director of the astrophysics division, called it "high-risk, high-reward" and framed the loss as an investment in satellite servicing technology. Administrator Jared Isaacman struck a similar tone, arguing the mission was worth attempting for the capabilities it advanced. Neither statement acknowledged any systemic questions about relying on a small commercial provider for a one-shot rescue of a major science asset. Without the altitude boost, Swift — a collaboration between NASA and Penn State University — will follow Link into the atmosphere, with re-entry expected in November. The observatory operated for 22 years, far exceeding its design life, and its scientific legacy in gamma-ray burst detection is secure. But the manner of its end raises practical questions about the gap between commercial servicing ambition and demonstrated capability. What Link did demonstrate has value: rapid mission development, close-proximity approach to an uncooperative target, and imaging of Swift's condition from short range. These are building blocks. But building blocks are not the building, and the gap between 12 kilometers and zero kilometers — between imaging and grappling — is where the actual hard engineering lives. The broader signal is about NASA's evolving risk appetite under Isaacman's leadership. A willingness to spend $30 million on a fast-turnaround commercial mission that might fail represents a genuine philosophical shift from the agency's historically conservative procurement culture. Whether that shift produces better outcomes at scale remains an open question that one data point cannot answer.