Show Me the Space Bucks: Spacecom Demands SpaceX Pay Up

    Last week’s explosion on the launchpad could cost�SpaceX more than just the destroyed rocket.

    FOX’s Pat O’Neill has more:�

    The Israeli communications company Spacecom, which lost one of its satellites in the accident last Thursday, is demanding $50 million or a free flight from SpaceX.�Spacecom says it could also collect $205 million from�Israel Aerospace Industries, which built the ill-fated satellite.

    SpaceX, owned by billionaire Elon Musk, hasn’t said how much insurance it had beyond what’s required by the�FAA.

    It’s also unclear if a merger deal involving Spacecom and a Chinese tech firm is in jeopardy.�SpaceX, meanwhile, has lined up 70�future space missions worth more than $10�billion for company and government sponsors.

    Last week’s rocket explosion is still under investigation.

    Pat O’Neill, FOX News.

    You May Be Interested In...