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SpaceX insurance skyrockets


The SpaceX Starship has yet to soar, but the same can’t be said for the mission’s insurance requirements, according to an article posted Friday on the tech news site

SpaceX, which was met with weather delays this week, was granted a renewed Commercial Space Transportation License by the Federal Aviation Agency on Thursday.

As part of the license, Space Exploration Technologies Corp., which is contracted with NASA, is required to maintain insurance policies covering $300 million for starship pre-launch activities and policies covering $198 million for potential claims that result from the starship prototype suborbital flight testing from Boca Chica, Texas.

The insurance policy requirements for suborbital flight testing now slated to take off Saturday were initially set at $100 million, according to the article.




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