Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site. The space launch company is one of three major transportation and energy enterprises Musk leads. Spacecom has been hit hard in the aftermath of the Thursday explosion that destroyed the SpaceX Falcon 9 rocket and its payload. The Israeli company said the loss of the satellite would have a significant impact, with its equity expected to decline by $30 million to $123 million. An explosion on the launch site of a SpaceX Falcon 9 rocket is shown in Cape Canaveral, Florida, U.S. September 1, 2016.

Source: Thanhnien News September 05, 2016 04:30 UTC