Yeah, I'm not sure why I mentioned type 2. I was probably only thinking of interstellar space travel.
Type 1 should be enough for the next 40 years.
You are disregarding exponential technological advances though. One thing leads to 2 things which leads to 4 things. Those 4 things lead to one major breakthrough, which leads to 2 other advances and so on. You can't have one field of research without the other.
All in all, I'm very optimistic about your races' potential.