SpaceX asked to pay $50M after losing a satellite

engadget.com

19 pointsaltstar2 comments

??

It was insured or it wasn't.

I don't get it. Obviously this was a possibility. What's there to ask?

You just do exactly what the contracts say in the exact manner that was pre determined years ago during the risk analysis from both sides.

It seems there was insurance on the satellite but not on the rocket. The insurance didn't cover it blowing up during the prelaunch testing phase. The third article states they are getting insurance monies and having SpaceX launch another rocket instead of taking the $50m. So, take your guess as to what the real story is at this point.

http://time.com/money/4478053/musk-spacex-rocket-insurance/

http://www.bloomberg.com/news/articles/2016-09-02/when-a-com...

http://www.spaceflightinsider.com/organizations/space-explor...

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