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  • 09.06.16

Satellite company to SpaceX: give us $50m or a free flight

Spacecom, an Israeli company, was among the hardest hit by the SpaceX explosion last week. 

It was relying on SpaceX to deploy a satellite that would have provided Facebook’s Internet.org wireless network to sub-Saharan Africa, among other services, but it lost this satellite in the wreck. It’s shares have since gone down by more than 40% and it’s $285 merger with Beijing Xinwei Technology Group is now in peril. 

Reuters reports that Spacecom has now demanded $50 million or a free flight from SpaceX. ES