Airplane passengers crossing the Indian Ocean who peered out their windows on Oct. 19, 2024, might have seen what looked like a fast-moving star suddenly flash and fade. Above their heads, a $500 ...

The recent loss of private satellites on the PSLV-C62 mission highlights a critical lack of financial protection for Indian ...

ISRO's PSLV-C62-EOS-N1 failure highlights gaps in India's private satellite insurance, raising concerns as new space policy ...

The satellite launch insurance sector represents about $500 million (€429.9m) in annual premiums, according to insurers Marsh. But despite the massive increase in satellite launches over the past few ...

Space insurance traces its roots to 1965, when Lloyd’s of London underwrote the first satellite policy for Intelsat I, known as “Early Bird.” Although the mission succeeded and no claim was filed, it ...

The first commercial communications satellite in geosynchronous orbit (GEO), Intelsat I, was launched in April 1965. Otherwise known as Early Bird, it was also the first insured satellite, with the ...

Cheap, uninsured satellites are creating more space junk — and it's starting to rain down on our heads. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it ...