A fresh installation loads its spaces instead of waiting forever
On an installation created from scratch, several spaces never finished starting up. Their pages sat on "Subscribing…" and never showed anything, and the content that ships with those spaces was never imported.
The cause was a compatibility step that upgrades user areas created by much older versions. On a new installation there is nothing old to upgrade, but the check for it was treated as a failure rather than as "nothing to do" — and because it ran for every space, it stopped all of them from loading. A new installation now recognises that there is nothing to upgrade and starts normally.