Reply to post: Re: Foresight

SpaceX gives free ride to replacement for Facebook's fried satellite


Re: Foresight

At the time it was said that the contract gave SpaceCom the option of either a free launch, or $50m to go towards a launch with another provider. It now sounds like that $50m was actually a deposit, so they would have been getting their own money back. The normal list price for a SpaceX launch is $62m, so I guess they've saved $12m or so. (Offset against the cost of renting space from someone else's satellite until their new bird gets up.) The insurer carried the loss of the satellite, and SpaceX carried the loss of vehicle and damage to pad.

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