The first major failure of Blue Origin's new heavy-launch system could create delays to its ambition to help NASA and the Trump administration return to the moon.
What would they gain from that? Insurance won’t cover lost income from a dysfunctional satellite. Also pretty sure if you could get insurance it’d be extremely expensive for a launch on an unproven rocket.
That’s literally what insurance is. They bet bad thing doesn’t happen. If it does, they pay you. If it doesn’t, they keep their money plus what you paid them.
It’s a numbers game on rocket reliability. You pay slightly more for your launch, but if it goes bang, you get a big cheque from the insurance.
For the known launchers, their reliability is pretty known, and newer (or recently exploded) launchers often give cheap/free launches while they are effectively testing things - helps make up for the pricy insurance.
amazing potential for insurance fraud holy shit
imagine “failing” to place dummy satellites on orbit, or changing your mind about the investment last second
nobody’s gonna be able to 100% confirm it was a fraud, would they?
What would they gain from that? Insurance won’t cover lost income from a dysfunctional satellite. Also pretty sure if you could get insurance it’d be extremely expensive for a launch on an unproven rocket.
Space insurance exists.
And how does it work?
First you find someone willing to bet with you that your space thing won’t do things it isn’t supposed to do.
Why would anyone take that bet?
Because it’s profitable? I typed “space insurance” into google and it gave me webpages for companies who offer space insurance.
Why would you think that it wouldn’t be a thing?
I didn’t say it’s not a thing. I’m saying what would be the point of using it for fraud? You don’t make money from a failed launch.
That’s literally what insurance is. They bet bad thing doesn’t happen. If it does, they pay you. If it doesn’t, they keep their money plus what you paid them.
It’s a numbers game on rocket reliability. You pay slightly more for your launch, but if it goes bang, you get a big cheque from the insurance.
For the known launchers, their reliability is pretty known, and newer (or recently exploded) launchers often give cheap/free launches while they are effectively testing things - helps make up for the pricy insurance.