Ispace secures first insurance deal for private lunar lander
Capitalism in space: The Japanese startup Ispace has now obtained the first insurance plan ever for a private lunar lander.
The startup has signed a Memorandum of Understanding with Mitsui Sumitomo Insurance (MSI), a Tokyo-based firm that started working with Ispace in 2019, to insure its first attempt to send a lander to the moon later this year. The agreement outlines intentions to finalize terms for the insurance in the months leading up to Ispace’s Mission 1 (M1), which is currently slated to fly on a Falcon 9 rocket no earlier than the fourth quarter of 2022.
According to Ispace, the insurance would cover any damage the lander takes between separating from the rocket in a trans-lunar orbit (TLO) and touching down on the moon. As well as covering a failed landing, the insurance would guard against issues stemming from radiation exposure as the lander travels through the Van Allen belts to its destination.
The insurance does not cover the payloads Ispace’s lander will carry, including a rover from the United Arab Emirates.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Capitalism in space: The Japanese startup Ispace has now obtained the first insurance plan ever for a private lunar lander.
The startup has signed a Memorandum of Understanding with Mitsui Sumitomo Insurance (MSI), a Tokyo-based firm that started working with Ispace in 2019, to insure its first attempt to send a lander to the moon later this year. The agreement outlines intentions to finalize terms for the insurance in the months leading up to Ispace’s Mission 1 (M1), which is currently slated to fly on a Falcon 9 rocket no earlier than the fourth quarter of 2022.
According to Ispace, the insurance would cover any damage the lander takes between separating from the rocket in a trans-lunar orbit (TLO) and touching down on the moon. As well as covering a failed landing, the insurance would guard against issues stemming from radiation exposure as the lander travels through the Van Allen belts to its destination.
The insurance does not cover the payloads Ispace’s lander will carry, including a rover from the United Arab Emirates.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
OT. I am interested to know what the gas pipeline that SpaceX wants to build that will bring gas to Boca will be used for. Is it for launch fuel, but also to desalinate water needed to cool the launch tower? If SpaceX has to do all of its FH launches from KSC, will that facility be able to be supplied with the fresh water and fuel needed to support frequent launches of Starship?
My son-in-law is an insurance adjuster… He would like to volunteer to be the MSI insurance claim adjuster in case there’s “an accident” to personally inspect the damage to make sure it’s not an unreasonable or improper claim.
If there’s a failure on landing, would he have to go inspect the damage?