Thursday, September 1, 2016

A Bad Day For Elon Musk and His Insurers (TSLA; SCTY)

Well, not just his insurers.

Re: the explosion, we don't yet know who is on the hook for what is being estimated at a $200-300 million loss but these things are syndicated so no one is looking at a company-wrecker except maybe SpaceCom who was expecting to start cranking some revenue out of the satellite and maybe get acquired by the Chinese.

Back to the insurance question, in the past SpaceX

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