Lynk Global, which builds its small satellites in-house, has launched commercial services in parts of the Solomon Islands, Cook Islands and Palau. Credit: Lynk Global

TAMPA, Fla. — Direct-to-smartphone satellite operator Lynk Global has officially hung up on Slam Corp, ending a troubled merger with former MLB star Alex Rodriguez’s blank-check firm through a clean break and legal truce.

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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,...