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Elon Musk Is About To Get Slammed With A $50 Million Lawsuit For Rocket Explosion

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Elon Musk’s space company is about to be hit with a $50 million dollar lawsuit from the telecommunications company whose satellite was destroyed in the recent rocket explosion.

SpaceX’s Falcon 9 rocket exploded Sept. 1 in the run-up to a mission to carry a satellite that was supposed to provide phone, video and internet services for the Middle East, Europe, and locations across sub-Saharan Africa. The $200 million dollar satellite was owned by the Israeli company Spacecom and its loss was covered by insurance. The $50 million is intended to cover disruptions to Spacecom’s business not covered by insurance.

“The company has begun measures to recover funds invested in the project,” Spacecom said in a press release.  The company said compensation for the destroyed satellite would be about $50 million — or an unspecified number of free satellites launches from SpaceX. – READ MORE

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