4 ms·

Unfortunately accidents happen, I have a feeling that some insurance company somewhere is going to end up paying for the damages...

• gumby 10y ago
  It's possible to insure against business risk as well as asset risk, though it's usually not worth the premium. Though I've never been in the space business I would be surprised if it were not common for launches.
• jsmthrowaway 10y ago
  Private launches are required to carry insurance in order to receive a license; I looked it up when the Orbital rocket had a similar RUD, and the government had mandated something like $140 million or so between government property contingency and general liability, if I recall. Edit: Yeah, here's Orbital's (I can't find SpaceX's): https://www.faa.gov/about/office_org/headquarters_offices/ast/licenses_permits/media/LLO%2014-091%20Rev%201%20-%20Antares%20config%20230_WFF.pdf https://www.faa.gov/about/office_org/headquarters_offices/as... -- last two pages. It looks like they revised this license recently for their return to flight, too?
• thesimon 10y ago
  Not covered by launch insurance (https://twitter.com/pbdes/status/771409425475174400 https://twitter.com/pbdes/status/771409425475174400), will be interesting to see if there is an insurance to cover that.
  • pavelrub 10y ago
    Of course it's not covered by launch insurance - it happened during the pre-launch stage. It was covered by marine cargo insurance.