Shares in satellite servicing and debris removal company Astroscale jumped in the first day of trading on the Tokyo Stock Exchange June 5, giving the company a valuation of about $1 billion.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...