Commercial space articles
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Lack of commercial spaces in Bangor is restricting city’s growth
In 2023, about 6 percent of Bangor’s office and retail spaces were vacant while the industrial market vacancy rate was less than 2 percent,
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India needs financial risk coverage for commercial space launch industry
A single crash of a rocket in 2019 cost more than over $411 million to space insurers, who provide insurance cover for space missions. Last year, the total premiums collected in the space insurance market globally was $550-600 million, but claims totalled $1 billion.With an increasing number of launch failures, communication problems and space debris, space insurance has come to be categorised as a high-risk field of insurance. With India becoming a key space economy, the significance of...
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