BREMEN, Germany — European government and industry officials say the policy of “georeturn,” which guarantees nations receive contracts in proportion to their investments, needs to be adjusted, particularly to make Europe’s launch industry more competitive.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...