An artistic depiction of one of three Inmarsat-8 satellites, which will be based on Swissto12's HummingSat platform. Credit: Swissto12

TAMPA, Fla. — Swissto12 has raised about $28 million in debt to scale up a manufacturing business seeking to disrupt the geostationary market with much smaller satellites, the 3D printing specialist said Sept. 13.

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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,...