Who pays when rockets explode? China insures SpaceX’s rivals in orbital race against US
Chinese insurers are increasingly providing coverage for rocket and satellite launches, positioning this as a new area of competition with the United States. This trend has developed alongside the booming commercial space sector, particularly with the recent IPO of SpaceX. These insurance policies act as a crucial financial safeguard for companies involved in space activities, protecting against significant financial losses from launch failures or other incidents. AI
