The price of satellite insurance is set to rise following a crash involving a Vega rocket . The incident represented the largest price ever recorded in the space industry at $ 411 m , with experts predicting that insurance premiums for commercial satellite and rocket accidents will now rise to rebalance the risks involved . satellite insurance prices have fallen over recent years due to improved rocket reliability and strong competition among manufacturers .
The cost of space insurance is set to rise following a crash involving a Vega rocket. The incident represented the largest loss ever recorded in the space market at $411m, with experts predicting that insurance premiums for commercial satellite and rocket accidents will now rise to rebalance the risks involved. Space insurance prices have fallen over recent years due to improved rocket reliability and strong competition among insurers.