TAMPA, Fla. — Luxembourg’s government has backed a major chunk of OQ Technology’s ongoing 30 million euro ($32 million) Series B funding round, according to the Luxembourg-based operator of small narrowband satellites. 

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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,...