TAMPA, Fla. — Space Network has secured a $50 million binding pre-order from a renewable energy infrastructure developer in the Philippines for capacity from its planned network of independently owned broadband satellites, the startup announced Sept. 29.

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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,...