TAMPA, Fla. — Spaceport Cornwall, which provided the runway for Virgin Orbit’s failed launch from the U.K. in January, opened a new operations facility April 27 to attract more businesses in the wake of its flagship customer’s bankruptcy.

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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,...