Monday September 05, 2016

Satellite Owner Says SpaceX Owes $50M Or Free Flight

I guess you never really think about what kind of insurance SpaceX has until something like this happens. What kind of policy do you need for "blew up on launch pad?" I'd just offer the free flight.

Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site. Officials of the Israeli company said in a conference call with reporters Sunday that Spacecom also could collect $205 million from Israel Aerospace Industries, which built the AMOS-6 satellite.