TAMPA, Fla. — An Indian LVM3 rocket launched AST SpaceMobile’s next-generation direct-to-device BlueBird satellite Dec. 23, kicking off a rollout of dozens of spacecraft built around the largest commercial communications antenna ever deployed 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,...