Elon thinks the insurance premiums were high before this? Wait until someone tries to buy an insurance policy on an upcoming SpaceX launch. Two catastrophic/total loss failures in 29 attempts. Sorry, but that ain't gonna cut it. Elon has NEVER understood risk. If his launch costs are lower, but the insurance premiums for a SpaceX launch make the net cost for his customer higher, guess where his customer is going to go? His US government customer will NOT accept this. When you are launching a $2 billion dollar payload and you're self-insured, this kinda crap is unacceptable. If they can get a reliable ULA ride on an Atlas V or Delta IV or Vulcan for a few million more, it is more than worth it. His only chance in this business was to suck up all of the business with below-cost launches and attempt to bankrupt ULA. He may yet be successful, but at what cost to his customers?
1 posted on
09/05/2016 1:34:08 PM PDT by
Rockitz
To: Rockitz
His customers can get insurance for their satellites on their own.
Musk will have to offer launch discounts to offset his customer’s increased premiums.
2 posted on
09/05/2016 1:38:09 PM PDT by
Steely Tom
(Vote GOP: A Slower Handbasket)
To: Rockitz
We need these new space companies to get us back into space.
NASA has no interest in human space exploration. If we want humans back in space, these little start-ups are the only game in town.
It would be more productive to address what can facilitate that, than focusing on what will end it.
4 posted on
09/05/2016 1:42:22 PM PDT by
DoughtyOne
(He wins & we do, our nation does, the world does. It's morning in America again. You are living it!)
To: Rockitz
“cargo fell apart in flight”
Don't cha just love good technical writing??s/
‘
6 posted on
09/05/2016 1:44:40 PM PDT by
Robe
(A nation can survive its fools and even the ambitious. But it cannot survive treason from within.)
To: Rockitz
Can someone please explain to me why we can't just build the rockets from the 1960s that worked just fine to send men to the moon? Or put satellites on ICBMs for launch?
7 posted on
09/05/2016 1:54:29 PM PDT by
JerryBlackwell
(some animals are more equal than others)
To: Rockitz
His only chance in this business was to suck up all of the business with below-cost launches and attempt to bankrupt ULA.
...
Is it really below cost?
8 posted on
09/05/2016 2:04:25 PM PDT by
Moonman62
(Make America Great Again!)
To: Rockitz
A friend of mine interviewed for a job a SpaceX.
During the interview process he discovered that the BOM for the rocket was being stored in an Excel spreadsheet.
When he suggested that this might not be the best way to manage the parts, the interview was ended.
To: Rockitz
The government doesn’t care—and Musk is well-connected.
10 posted on
09/05/2016 2:18:18 PM PDT by
Mamzelle
To: Rockitz
Maybe they could name the whole place "Cape Chappaquiddick" since the, ahem, Kennedy Space Flight Center is there.
...or is it named after JFK?
13 posted on
09/05/2016 2:25:14 PM PDT by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: Rockitz
The rocket explosion, pending lawsuits and Tesla’s funding crisis all occuring at once may sunk Elon.
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