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 go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
