3 ms·
I would guess they lost a lot less than the $200m initial investment, which included design & development of both the satelite and ground control systems. My as
by thegranderson 10y ago
I would guess they lost a lot less than the $200m initial investment, which included design & development of both the satelite and ground control systems. My assumption would be that only the satellite itself was destroyed in this explosion.
From the quote below, they reference $85 to cover launch, insurance, and 1 year of operating costs. Presumably that insurance would cover some of the costs of an event like this?
Quote from an article on this (http://www.globes.co.il/en/article-1000759794 http://www.globes.co.il/en/article-1000759794)
Spacecom Satellite Communications' (TASE:SCC) board of director has authorized management to sign a contract with Israel Aerospace Industries Ltd. (IAI) (TASE: ARSP.B1) to build and buy the Amos 6 communications satellite for $200 million. IAI will build the satellite and its ground control systems, and will provide operating services. The company plans to launch the Amo6 in the first quarter of 2015, and its operating life will be at least 16 years.
Spacecom estimates that the cost of launching, insuring and one year's operation of the Amos 6 will be $85 million. The company has to pick a launch company. Spacecom said that it will seek financing for the Amos 6 from IAI and foreign sources.