Israel Space Chief Calls Loss of Satellite SpaceX Crash a Major Blow

The loss of an Israeli communications satellite in a blast in Florida in which a SpaceX launcher exploded on Thursday, was a major blow to the Israeli communications satellite industry, Israel’s leading space official said.

The Amos-6 satellite, owned by Space Communications , was destroyed when an explosion destroyed a Falcon 9 rocket belonging to Elon Musk’s SpaceX during routine test firing at Cape Canaveral in Florida, two days before it had been due to blast off and place the satellite in orbit.

“As far as the Israeli communications satellite industry is concerned, this is a very severe blow which could place the future of the industry in doubt if it is not dragged out of the mud,” said Israel Space Agency chairman Isaac Ben-Israel.

He told Israeli Channel 10 television that it might take three years to build a replacement. The Amos-6 was built by state-owned Israel Aerospace Industries.

“This is a blow and the next satellite, if Space Communications manages to overcome the crisis which it will face and decides to order another one, could be in another three years or so,” Ben-Israel said.

Beijing Xinwei Technology Group and Space Communications said last week that the Chinese company had agreed to buy the Israeli satellite operator for $285 million.

The deal reflected a premium of 41 percent to Spacecom’s average stock price in the past month but after the explosion, its shares closed 8.9 percent down on the Tel Aviv Stock Exchange.

The Israeli company issued a statement to the Israeli stock exchange saying the “total loss” of the satellite “will have a significant impact on the company.”

Author

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Israel Space Chief Calls Loss of Satellite SpaceX Crash a Major Blow

Thank you!

This article has been sent!

Close