WASHINGTON — A Swiss startup company announced plans March 13 to develop a launch system featuring a reusable air-launched suborbital vehicle that will be able to place small satellites into orbit for approximately $10 million per launch.

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Jeff Foust writes about space policy, commercial space, and related topics for SpaceNews. He earned a Ph.D. in planetary sciences from the Massachusetts Institute of Technology and a bachelor’s degree with honors in geophysics and planetary science...