today-is-a-good-day

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.

ALSO CHECK OUT: SPACEX FALCON 9 ROCKET EXPLODES, FACEBOOK SATELLITE DESTROYED

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.

More from author

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related posts

Advertisment

Latest posts

7 Best Work from Home Apps for Moms

Being a mom is a job in itself. Between taking care of the kids, keeping up with household chores, and trying to squeeze in...

Top 9 Ways Technology is Helping Global Trade

If you are in a global business, utilizing technology is a surefire way of growing your business and increasing your customer base. Today, you...

7 Ways Technology Is Going To Transform Lead Generation

 In the ever-growing world of digital marketing, the ability to generate quality leads remains the most important ROI driver. Both inbound and outbound lead...