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  1. Satellite owner says SpaceX owes $50 million or free flight

Satellite owner says SpaceX owes $50 million or free flight

Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site.

By: | Cape Canaveral | Published: September 5, 2016 10:49 AM
Officials of the Israeli company said in a conference call with reporters Sunday that Spacecom also could collect 5 million from Israel Aerospace Industries, which built the AMOS-6 satellite. (Source: Reuters)

Israel’s Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk’s SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX’s Florida launch site.

Officials of the Israeli company said in a conference call with reporters Sunday that Spacecom also could collect $205 million from Israel Aerospace Industries, which built the AMOS-6 satellite.

SpaceX said in an email to Reuters that it does not disclose contract or insurance terms.

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