TUPPER LAKE, NY — Space debris removal/satellite life extension provider Astroscale Holdings in June went public on the Tokyo Stock Exchange’s Growth market at a valuation of $934 million and rose briefly on investor enthusiasm.

It has since fallen back to its initial offering price as investors weigh the risks for a company pioneering a new business and relying on major changes in government regulation to succeed. The direction of regulatory movement is clear. The question for Astroscale and its investors is whether it is moving fast enough . . .

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