What Happened
Insurers Test Risks As Companies Seek Coverage
The orbital data-center market is transitioning from demonstrations to designs, with companies seeking insurance coverage for launch, spacecraft failure, and specialized hardware. Starcloud, Axiom Space, and SpaceX are among the companies advancing projects, with varying scales and architectures. Insurers are being approached to assess the risks, which may be significant due to the unfamiliar concentrations of value and potential hazards. This development was first reported by MLQ News.