TAMPA, Fla. — Meridian Space has split from kinetic launch technology developer SpinLaunch as it seeks more funding to develop flat satellites it says could launch up to 250 at a time on a Falcon 9, enough for global broadband coverage.

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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,...