Israel Space Chief Calls Loss of Satellite SpaceX Crash a Major Blow
Image by Getty Images
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.”
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you move on, I wanted to ask you to support the Forward’s award-winning journalism during our High Holiday Monthly Donor Drive.
If you’ve turned to the Forward in the past 12 months to better understand the world around you, we hope you will support us with a gift now. Your support has a direct impact, giving us the resources we need to report from Israel and around the U.S., across college campuses, and wherever there is news of importance to American Jews.
Make a monthly or one-time gift and support Jewish journalism throughout 5785. The first six months of your monthly gift will be matched for twice the investment in independent Jewish journalism.
— Rachel Fishman Feddersen, Publisher and CEO
