TAMPA, Fla. — Growing space investor optimism got another lift Oct. 29 after the U.S. Federal Reserve cut interest rates by a quarter point for the second time this year, making borrowing cheaper for a capital-intensive industry already buoyed by rising defense investment.

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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,...