Space industry articles
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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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Edinburgh’s flexible space industry comes together as city marked out for real estate high growth
Edinburgh “showed positive signs of recovery with significant requirements for space from large corporates and a growing demand for flexible office space in the final quarter of 2023”, according to a report from real estate advisor CBR. The news sets a positive tone for industry professionals across Edinburgh as 2024 progresses. With the aim of connecting people working in the flexible workspace industry, allowing them to share ideas and best practices, learn about market trends and industry...
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Space Junk Damages Florida Home During International Space Station Reentry
Part of a battery pack discharged by the International Space Station hits Florida home, damaging the roof and flooring.