Cargo market faces $300mn SpaceX loss

The marine cargo market could be hit with a $200-$300mn loss from
the SpaceX Falcon 9 rocket which exploded during a pre-launch
static fire test at Cape Canaveral, Florida earlier today (1
September) The Insurance Insider
understands.
Sources in the space market said that as the incident took place
prior to launch, the loss would likely fall under marine cargo
coverage.
It is understood the pre-launch policy for SpaceX does not
generally cover static fire tests, but that it could...