Spacecom to demand USD 50 mln or free flight from SpaceX

Tuesday 6 September 2016 | 10:32 CET | News
Update: 6 September 2016 | 14:47 CET
Israel's Spacecom said it may seek USD 50 million or a free flight from SpaceX after its communications satellite was destroyed by an explosion at SpaceX's Florida launch site, according to Reuters citing Spacecom representatives. The company is working with customers to arrange alternative capacity and is also in talks with its merger partner Beijing Xinwei Technology on amending their agreement.

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[06/09/2016 14:47- Update: Updates with statement from Spacecom.]

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Categories: Broadcast & Satellite
Companies: Spacecom
Countries: Israel / World
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