TAMPA, Fla. — New research released by the UK Space Agency underscores the country’s growing reliance on satellite technologies, which supported industries accounting for about 18% of national gross domestic product (GDP) based on the most recent data.

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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,...