TAMPA, Fla. — Lithuania’s Blackswan Space has raised around $2.9 million to support the development of its rendezvous & proximity operations (RPO) payload, which Orbit Fab plans to use for Europe’s first in-space refueling demo in 2028. 

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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,...