SpaceX Launch Pad Explosion Is Getting Expensive

Satellite owner says SpaceX owes $50 million or free flight, Reuters

"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. SpaceX said in an email to Reuters that it does not disclose contract or insurance terms. The company is not public, and it has not said what insurance it had for the rocket or to cover launch pad damages beyond what was required by the Federal Aviation Administration, which oversees commercial U.S. launches, for liability and damage to government property."

SpaceCom to recoup $173m, plus interest, for destroyed satellite, Times of Israel

"The satellite's owners, Space Communication, will receive over $173 million from IAI plus interest, which provided insurance for the device, a company official said. According to Space Communication, also known as SpaceCom, the total sum from IAI is "approximately $205 million." Under the insurance policy, IAI will have to pay the amount "in under 60 days," a spokesperson for the quasi-governmental firm said. In addition, the Israeli company said it expects to receive either $50 million from SpaceX or "have the launch of a future satellite carried out under the existing agreement and with the payments that have [already] been made."

SpaceX to shift Florida launches to new pad after explosion, Reuters

"With its launch pad likely facing major repairs, SpaceX said it would use a second Florida site, called 39A, which is located a few miles north at NASA's Kennedy Space Center and was used for space shuttle missions. The pad is on schedule to be operational in November, SpaceX said. The company had planned to use the pad for the first time later this year for a test flight of its new Falcon Heavy rocket. NASA spokesman Michael Curie said in an email that the site could be used for commercial and government flights, and SpaceX President Gwynne Shotwell in a May conference said one customer, SES SA of Luxembourg, had expressed interest in flying from the historic launch pad."

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This page contains a single entry by Keith Cowing published on September 5, 2016 12:35 PM.

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