Astranis unveils insurance package for Falcon Heavy launch
- by SpaceNews
- Dec 13, 2021
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instead of SpaceX’s Falcon 9 workhorse.
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Details of the insurance package come after the Arcturus (also known as Aurora 4A) satellite, which Astranis will lease to U.S.-based telco Pacific Dataport Inc (PDI) for broadband coverage over Alaska, successfully completed thermal vacuum tests and technical reviews.
The policy was brokered through Willis Towers Watson, which declined to comment.
An industry source said the insurance coverage is worth $40 million, priced at a rate in the “mid-teens.”
The insurance rate is likely higher than what Astranis would have got with a Falcon 9, because the Falcon Heavy has only flown three times — albeit successfully.
The Space Test Program 2 mission in June 2019 was also the last Falcon Heavy mission, after two U.S. Space Force missions rockets that had been scheduled to use the rockets in 2021
slipped into next year
. SpaceX, which is also planning to launch ViaSat-3 for satellite broadband operator Viasat on a Falcon Heavy early next year, did not respond to a request for comment.
According to Gedmark, switching to Falcon Heavy for a direct-inject mission was opportunistic, enabling Arcturus to arrive at its orbital slot within days of liftoff, instead of months of orbit-raising from highly elliptical geostationary transfer orbit (GTO) with a Falcon 9.
He declined to discuss financial details about its insurance package, but said Astranis is planning to insure all the spacecraft it ships for customers.
The San Francisco-based company is currently building
two satellites
for U.S.-based in-flight connectivity specialist Anuvu, and one recently announced for cellular backhaul provider Andesat that is
dedicated to Peru
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