TAMPA, Fla. — SES has ordered an initial 28 satellites from manufacturing startup K2 Space for meoSphere, a next-generation medium Earth orbit (MEO) network slated to be in operation by 2030.

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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,...