When humanity began its departure from Terra, after the discovery of Fold Space, the Nations of Terra tried desperately to maintain control of their colonies upon the far flung planets settled by their populations. Of course they also tried to hinder the efforts of their rival nations. All the while becoming more and more beholden to the already powerful corporate interests, who played all sides of against the middle.
Eventually, as all things do when stretched beyond their breaking point, civilization broke. The Nations of Terra, in perpetual cold war with each other lost control of their galactic holdings. Some planets left in rebellion, some were lost to conquerors from other rebellious systems, some were just forgotten in the chaos of the times. Most historic records of this mad and bloody time are lost to the blackness of the void of war. And when the Terran Beacon was destroyed, even the birthplace of humanity was lost to those who survived this dark time. Much knowledge and technology was lost to humanity during the upheaval of this period.
The Long Dark
It took several generations for humanity as a whole to recover from the breaking. Some enclaves survived this time nearly unscathed. Some were blasted back to the stone age. Some are still lost to us even now.
Various multi-national corporations of Old Terra were quick to exploit the pioneering spirit of the Exodus. Using their great skill at making money, they expanded into galactic corporations. In the process acquiring even more wealth. An insane amount of wealth. The smallest galactic corporation had significantly more wealth than the whole of Terra before the exodus. this allowed most of the galactic corporations to safely weather the wild and bloody time of The Breaking. Some even managed greater profits and acquisitions.
Our Story Begins
As we look upon the galaxy now, we find the various galactic corporations in near total control of the galaxy. Ruling from their luxurious and powerful Corporate Moons. Their greatest threat, unsurprisingly, are the other galactic corporations as they vie with each other for greater and greater monopolies. There are, of course, many great star empires spanning several star systems, but they owe much of their strength and positions to the corporations they do business with. Also of note are the independent planets and systems that, through wealth of resources, or strength of arms, have maintained their freedom from the machinations of the corporations. And everyone is always hoping to stumble upon one of the lost colonies, for their value could be beyond calculation.