I think it will open up additional customers. So perhaps Apple will build and launch a couple of imagery satellites to augment their maps effort, or something like the old Teledesic concept will be launched (SpaceX has suggested they would do that).

Given the lower costs of the re-usable platform one would hope we could effectively address some of the space junk issues.

But that isn't really "private space flight" where I imagine tourists flying up to Bigelow inflated habititats for a three day stay where couples can experiment with zero g sex after getting over their motion sickness issues. That market seems a bit fanciful yet.

[1] https://en.wikipedia.org/wiki/Teledesic

A rising tide lifts all ships.