Update June 18: GomSpace AB announced it would reduce its staff by up to 30 full-time positions by June 30 to reduce executive and manufacturing overhead costs. The move follows similar headcount reductions in December and January.

PARIS —  Cubesat builder GomSpace AB reported sharply lower revenue and operating profit for the three months ending March 31 and said several expected  customer orders have been delayed for lack of financing.

Nowhere is this more true than for Australia- and Britain-based Sky and Space Global, for which . . .

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