TAMPA, Fla. — Astroscale, the space junk removal venture, announced a British government contract June 16 worth about $7 million to deploy a pair of cubesats in 2027 to monitor space weather while tracking other objects in low Earth orbit (LEO).

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...