• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Techspacex explosion

Spacecom CEO Wants ‘Several Safe Flights’ Before Using SpaceX Again

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
September 6, 2016, 6:25 PM ET
SpaceX Launches Dragon Spacecraft For Mission To International Space Station
CAPE CANAVERAL, FL - OCTOBER 07: A SpaceX Falcon 9 rocket attached to the cargo-only capsule called Dragon lifts off from the launch pad on October 7, 2012 in Cape Canaveral, Florida. The rocket is bringing cargo to the International Space Station that consists of clothing, equipment and science experiments. (Photo by Joe Raedle/Getty Images)Photograph by Joe Raedle — Getty Images

The chief executive of Israeli satellite operator Space Communication said on Tuesday he wants to see “several safe flights” from SpaceX before using Elon Musk’s space firm again to launch one of his company’s satellites.

In an interview with Reuters, Spacecom CEO David Pollack also said he does not know what caused the explosion last Thursday that destroyed a SpaceX Falcon 9 rocket along with his company’s $200 million AMOS-6 communications satellite.

The cause of the explosion is under investigation by SpaceX and agencies of the U.S. government overseen by the Federal Aviation Administration.

“They have not yet discussed with us what they found,” Pollack said, referring to SpaceX. “I don’t believe that there is even the slightest chance that (the problem) was coming from the satellite … but still nothing can be ignored. They have to look at everything.”

Spacecom said on Sunday that SpaceX owes it $50 million, or a free launch, as a result of the explosion.

Get Data Sheet, Fortune’s technology newsletter.

Asked what SpaceX had to do to give him confidence to use the company again, Pollack replied: “I don’t know how many, but several safe flights.”

Pollack said Spacecom does not have a satellite it could put aboard a launcher soon.

“We don’t have a satellite, so I believe until we are ready to fly they will have some safe flights,” he said. “In principle, I think that Falcon 9 is a nice launcher.”

Facebook (FB)and Eutelsat had planned to use the AMOS-6 satellite to expand internet access in Africa.

NASA and Space Startups Are Learning to Coexist

SpaceX is owned and led by technology entrepreneur Musk, who is also chief executive of electric car maker Tesla Motors and chairman of solar energy company SolarCity.

The explosion occurred as SpaceX was fueling a Falcon 9 rocket on a launch pad in Florida in preparation for a test-firing of the booster’s first-stage engines. No one was hurt in the explosion. SpaceX said it was not yet releasing images or details about launch pad damage.

SpaceX also declined to discuss Spacecom’s claim for compensation.

“We don’t disclose contract or insurance terms,” SpaceX said in an emailed statement on Sunday.

Pollack said he was watching television on a JetBlue flight from New York to Orlando and saw images of the accident.

“I saw the smoke after the explosion, but the Cape is a big place. It took a little bit until I realized it was us,” Pollack said.

Satellite Owner Says SpaceX Owes it $50 Million or a Free Flight

The loss of the AMOS-6 satellite, which Spacecom had intended to operate for at least 15 years, is presenting the company with financial and operational challenges, Pollack said.

Pollack said Spacecom was not insured for revenue that would have been generated from AMOS-6 leases to companies, including Facebook and Eutelsat.

The company said it expects to receive money from an insurance policy purchased by satellite builder Israel Aerospace Industries to pay off bonds sold to finance the satellite.

Pollack said he is looking at options to buy services on other companies’ satellites to fill the gap until an AMOS-6 replacement can be built and launched.

It also is continuing negotiations with Beijing Xinwei Technology Group, which had planned to acquire Spacecom in a deal valued at $285 million pending the successful launch and operation of the AMOS-6 satellite.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
CryptoIran
Exclusive: Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows
By Ben WeissApril 17, 2026
1 hour ago
The world holds its breath: Trump says Iran war will end ‘pretty soon’ as uranium deal is in sight
EconomyMarkets
The world holds its breath: Trump says Iran war will end ‘pretty soon’ as uranium deal is in sight
By Jim EdwardsApril 17, 2026
2 hours ago
The startup Blackstone just backed to turn any exec’s data question into instant answers
NewslettersTerm Sheet
The startup Blackstone just backed to turn any exec’s data question into instant answers
By Allie GarfinkleApril 17, 2026
3 hours ago
Netflix cofounder and chairman Reed Hastings on July 10, 2025 in Sun Valley, Idaho. (Photo: Kevin Dietsch/Getty Images)
NewslettersFortune Tech
End of an era: Reed Hastings steps down from Netflix
By Andrew NuscaApril 17, 2026
3 hours ago
A secretive tycoon known as the ‘French Murdoch’ holds the key to Bill Ackman’s $64 billion bid for Universal Music Group
Personal FinanceInvestment
A secretive tycoon known as the ‘French Murdoch’ holds the key to Bill Ackman’s $64 billion bid for Universal Music Group
By Amanda GerutApril 17, 2026
5 hours ago
Teen boys are dating their AI chatbots—and experts warn opting out of real relationships could hurt their careers in the future
SuccessThe Promotion Playbook
Teen boys are dating their AI chatbots—and experts warn opting out of real relationships could hurt their careers in the future
By Orianna Rosa RoyleApril 17, 2026
5 hours ago

Most Popular

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeApril 15, 2026
2 days ago
A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescue
Economy
A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescue
By Nick LichtenbergApril 16, 2026
17 hours ago
Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too
Success
Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too
By Orianna Rosa RoyleApril 16, 2026
1 day ago
MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges
Politics
MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges
By Sydney LakeApril 16, 2026
21 hours ago
Current price of oil as of April 16, 2026
Personal Finance
Current price of oil as of April 16, 2026
By Joseph HostetlerApril 16, 2026
1 day ago
NYC Mayor Zohran Mamdani points at Ken Griffin's $238 million penthouse on Tax Day: 'Today we're taxing the rich'
Personal Finance
NYC Mayor Zohran Mamdani points at Ken Griffin's $238 million penthouse on Tax Day: 'Today we're taxing the rich'
By Catherina GioinoApril 16, 2026
16 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.