TAMPA, Fla. — Denver-based Lux Aeterna has secured $10 million in seed funding to develop a reusable satellite designed to survive atmospheric reentry and fly again with new payloads, starting with a demonstration flight slated for early 2027.

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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,...