SpaceX and The Business of Insuring Stuff That Blows Up

From Quartz:

How to insure something that blows up once every twenty times you use it


Sophisticated satellites cost hundreds of
millions of dollars and are assembled in clean rooms by technicians in
full bodysuits. And then, to fly them into space, we strap them onto
enormous rockets that explode spectacularly once in every 20 takeoff
attempts.


Who’s on the hook when things go wrong?