Failed rocket launches and deliveries involving non-human payloads. Who is responsible for the monetary loss and what happens when the payload is very important or took a long time to research and assemble (like the famous Hubble Space Telescope)?

Question

Failed rocket launches and deliveries involving non-human payloads. Who is responsible for the monetary loss and what happens when the payload is very important or took a long time to research and assemble (like the famous Hubble Space Telescope)?

In: Other

Answer 1

It turns out that you can buy insurance for satellites or payload; if the rocket and the payload is lost, or fails to work as it should in the beginning, the companies involved pay some money (or better said, lots of money) to the owners.

Source: [https://www.reuters.com/article/us-space-insurance-idUSKCN1UQ1SK](https://www.reuters.com/article/us-space-insurance-idUSKCN1UQ1SK)