economy
Behind every expensive satellite launch sits a specialized industry that agrees to pay out if the rocket fails or the spacecraft is lost in orbit.
The space insurance industry primarily protects against financial loss from launch failures and satellite malfunctions, covering the enormous costs involved when a rocket fails during launch or a spacecraft stops working properly once it reaches orbit. Given how expensive satellites and their launches are, this insurance lets companies and governments manage the financial risk of a mission that could otherwise result in a catastrophic, uninsured loss.
Astronauts getting motion sickness in orbit is a personal health issue unrelated to the financial risks this specialized insurance industry is built to cover. Viewers missing a live television broadcast is a minor inconvenience with no connection to the massive costs of launching and operating satellites.
A wave of costly failures can shrink the total amount of coverage insurers are willing to offer and push up premiums significantly, reshaping the entire market and sometimes making it harder or more expensive for companies to insure future missions.
economy
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