TAMPA, Fla. — The UK Space Agency has picked Luxembourg-headquartered ClearSpace’s British unit as prime contractor for a 2029 mission aiming to de-orbit two defunct small satellites, the in-orbit servicing venture announced Oct. 15.

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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,...