SpaceX demanded to pay $50 million or serve a free flight to Spacecom

On September 1st, SpaceX lost its Falcon 9 rocket while on the CRS-8 mission, which also destroyed a Facebook satellite. Now Spacecom is demanding a sum of $50 million from SpaceX or a free launch into space to compensate for its wasted AMOS-6 satellite.

SpaceX rocket explosion was a bad news not just for SpaceX, Elon Musk, Facebook, and Spacecom, but also the aerospace industry on the whole. Where Facebook’s ambitions to give internet access to sub-Saharans regions vanished in thin air, Spacecom is facing a financial crisis and its golden opportunity to become a part of a larger conglomerate that was reportedly buying it before the incident.


Spacecom has already provided a variety of satellites to multitudes customers, but Facebook was the biggest score yet. Unfortunately, the last CRS mission failed to complete the goal, pushing the company to survival mode. As a result, it has asked SpaceX to pay $50 million or give the company a free space trip, both options are open. Spacecom might further collect upwards of $205 million from Israel Aircraft Industries.

Beijing Xinwei Technology Group was looking at acquiring Spacecom, but as a part of the deal, the satellite company was required to successfully launch the AMOS-6 into space, which didn’t happen. There has been no response from Xinwei group or SpaceX.

Muhammad Waqas
Muhammad Waqas
Muhammad Waqas is an active technology journalist and news writer. He keeps his readers entertained with the hot and happening in the world of innovations and delivers the latest news as it breaks.

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