TAMPA, Fla. — The Federal Communications Commission voted July 22 to push satellite operators out of more C-band spectrum for a 5G auction next year, while approving a licensing overhaul aimed at accelerating the commercial space economy.

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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,...