As the pieces of Brazil’s modern space ecosystem slide into place, the country isn’t just now waking up to the value and potential in the space ecosystem. It is entering its “second act.”

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Brian Berger is editor in chief of SpaceNews.com and the SpaceNews magazine. He joined SpaceNews.com in 1998, spending his first decade with the publication covering NASA. He was named senior staff writer in 2004, a position he held until being named...