TAMPA, Fla. — Reditus Space announced $7.1 million in seed funding Dec. 1 to fly its first reusable spacecraft next summer, joining a wave of startups emerging from stealth to support microgravity research and in-space manufacturing as the International Space Station nears retirement.

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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,...