TAMPA, Fla. — Stratospheric pseudo-satellites are shedding their reputation as fringe experiments as governments and industry step up demand, according to executives closing in on commercial services for their high-altitude platform stations (HAPS).

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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,...