amos-6

Latest

  • NASA TV/Handout via Reuters

    SpaceX asked to pay $50 million after losing a satellite

    by 
    Jon Fingas
    Jon Fingas
    09.04.2016

    SpaceX may have to deal with more than equipment losses and Mark Zuckerberg's disappointment in the wake of its launchpad explosion. Spacecom, which owned the AMOS-6 satellite destroyed in the incident (and part of Facebook's free internet plans), is asking SpaceX for either $50 million or a free flight as compensation. The loss will have a large impact on Spacecom's bottom line, as you might imagine. The Israeli firm is estimating that it'll lose between $30 million to $123 million in equity.