PARIS — When Dario Zamarian left private-equity investment company Blackstone Group to become president of satellite builder SSL in 2017 he thought he would be helping diversify a company away from large, commercial, geostationary-orbit telecommunications satellites.
He knew he arrived at what was then thought to be the latest cyclical downturn in GEO satellite orders, out of which Palo Alto, California-based SSL had made a specialty and its main product.
A year later, SSL’s owner, Maxar Technologies, has concluded that the downturn is not cyclical, but . . .
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