China-backed – but Germany-based – would-be satellite constellation Kleo Connect has reportedly run out of cash, and laid off staff effective April 30th. The Chinese company behind Kleo, Shanghai Spacecom Satellite Technology (SSST) are also the sponsors of China’s G60 mage-constellation. However, SSST on February 1st raised 6.7 billion Yuan (about €877 million) in fresh […]