TAMPA, Fla. — Luxembourg-based in-orbit servicing venture ClearSpace announced a contract Sept. 23 with the European Space Agency to help mature technologies for Phoenix, a mission aiming to extend the life of a geostationary satellite due to retire between 2028 and 2030.

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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,...