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South China Morning Post
Who pays when rockets explode? China insures SpaceX’s rivals in orbital race against US
This is part of a series on the global impact of SpaceX’s historic IPO, tracing how mainland Chinese investors’ strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk’s trillion-dollar rocket gamble. In 2016, a SpaceX rocket carrying a satellite blew up during a test, destroying on-board equipment and surrounding facilities worth millions of US dollars. Fortunately, the satellite operator, Israel’s Space Communications, had an insurance policy worth almost...
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