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in Costa Rica

SpaceX To Owe $50 Million for Destroyed Satellite?

by COSTA RICAN TIMES Wednesday 7 September 2016, 12:58 am 1.3k Views

World News – Israel’s Space Communication 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.
SpaceX