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SpaceX’s Explosion Reverberates Across Space, Satellite and Telecom Industries
NY Times ^
| SEPT. 4, 2016
| Steve Lohr
Posted on 09/05/2016 1:34:08 PM PDT by Rockitz
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Elon thinks the insurance premiums were high before this? Wait until someone tries to buy an insurance policy on an upcoming SpaceX launch. Two catastrophic/total loss failures in 29 attempts. Sorry, but that ain't gonna cut it. Elon has NEVER understood risk. If his launch costs are lower, but the insurance premiums for a SpaceX launch make the net cost for his customer higher, guess where his customer is going to go? His US government customer will NOT accept this. When you are launching a $2 billion dollar payload and you're self-insured, this kinda crap is unacceptable. If they can get a reliable ULA ride on an Atlas V or Delta IV or Vulcan for a few million more, it is more than worth it. His only chance in this business was to suck up all of the business with below-cost launches and attempt to bankrupt ULA. He may yet be successful, but at what cost to his customers?
1
posted on
09/05/2016 1:34:08 PM PDT
by
Rockitz
To: Rockitz
His customers can get insurance for their satellites on their own.
Musk will have to offer launch discounts to offset his customer’s increased premiums.
2
posted on
09/05/2016 1:38:09 PM PDT
by
Steely Tom
(Vote GOP: A Slower Handbasket)
To: Steely Tom
Hence, my use of the term “net cost.”
3
posted on
09/05/2016 1:41:06 PM PDT
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: Rockitz
We need these new space companies to get us back into space.
NASA has no interest in human space exploration. If we want humans back in space, these little start-ups are the only game in town.
It would be more productive to address what can facilitate that, than focusing on what will end it.
4
posted on
09/05/2016 1:42:22 PM PDT
by
DoughtyOne
(He wins & we do, our nation does, the world does. It's morning in America again. You are living it!)
To: Rockitz
5
posted on
09/05/2016 1:42:41 PM PDT
by
Steely Tom
(Vote GOP: A Slower Handbasket)
To: Rockitz
“cargo fell apart in flight”
Don't cha just love good technical writing??s/
‘
6
posted on
09/05/2016 1:44:40 PM PDT
by
Robe
(A nation can survive its fools and even the ambitious. But it cannot survive treason from within.)
To: Rockitz
Can someone please explain to me why we can't just build the rockets from the 1960s that worked just fine to send men to the moon? Or put satellites on ICBMs for launch?
7
posted on
09/05/2016 1:54:29 PM PDT
by
JerryBlackwell
(some animals are more equal than others)
To: Rockitz
His only chance in this business was to suck up all of the business with below-cost launches and attempt to bankrupt ULA.
...
Is it really below cost?
8
posted on
09/05/2016 2:04:25 PM PDT
by
Moonman62
(Make America Great Again!)
To: Rockitz
A friend of mine interviewed for a job a SpaceX.
During the interview process he discovered that the BOM for the rocket was being stored in an Excel spreadsheet.
When he suggested that this might not be the best way to manage the parts, the interview was ended.
To: Rockitz
The government doesn’t care—and Musk is well-connected.
10
posted on
09/05/2016 2:18:18 PM PDT
by
Mamzelle
To: DoughtyOne
We do not need humans in space.
11
posted on
09/05/2016 2:19:03 PM PDT
by
Mamzelle
To: who_would_fardels_bear
During the interview process he discovered that the BOM for the rocket was being stored in an Excel spreadsheet. What is a BOM?
These people are way over their heads. More explosions to come.
To: Rockitz
Maybe they could name the whole place "Cape Chappaquiddick" since the, ahem, Kennedy Space Flight Center is there.
...or is it named after JFK?
13
posted on
09/05/2016 2:25:14 PM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: Rockitz
The rocket explosion, pending lawsuits and Tesla’s funding crisis all occuring at once may sunk Elon.
To: Moonman62
That’s pure conjecture on my part, but we’ll see. Certainly rebuilding a launch pad is going to increase his costs going forward. I strongly suspect that below-cost pricing is the primary reason he hasn’t gone public yet.
15
posted on
09/05/2016 2:28:51 PM PDT
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: who_would_fardels_bear
That sounds about par for the course.
16
posted on
09/05/2016 2:30:15 PM PDT
by
Rockitz
(This is NOT rocket science - Follow the money and you'll find the truth.)
To: plain talk
Bill Of Materials. It is the root “build list”, a list of all parts needed.
17
posted on
09/05/2016 2:31:54 PM PDT
by
Bryan24
(When in doubt, move to the right..........)
To: DoughtyOne
I was under the impression that NASA does not set its own agenda. I think eight years of Trump will have NASA going places again. It’s time to go back to the moon. Young Americans need to see it happen in their own lifetimes, and it would hurt if the rest of the world could also get the message.
18
posted on
09/05/2016 2:32:12 PM PDT
by
equaviator
(There's nothing like the universe to bring you down to earth.)
To: Mamzelle
Humans in space may be the only place where there is peace in the future.
Take a look a this old world, and you soon realize that our exiting into space will happen for the same reason Europeans left Europe for the New World.
We do need humans in space.
19
posted on
09/05/2016 2:33:05 PM PDT
by
DoughtyOne
(He wins & we do, our nation does, the world does. It's morning in America again. You are living it!)
To: plain talk
BOM = Bill of Materials, i.e. the complete parts list for building the rocket.
It can be used to estimate costs, weight, scheduling, etc.
My friend was most interested in how they kept track of the overall weight of the rocket so they knew how much lift they would need to get it airborne.
They didn't seem quite as concerned as my friend.
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