SpaceX explosion: Amos-6 satellite owner demands £37M from Musk's firm

SpaceX faces a potentially big payout in the aftermath of last week’s launchpad explosion, after Israeli communications firm Spacecom—which lost one its satellites in the accident—demanded £37 million ($50 million) or a free flight from Elon Musk’s company.

The Falcon 9 rocket, which had been set to deploy an Amos-6 satellite to provide wireless services to sub-Saharan Africa as part of Facebook’s initiative, was destroyed on Thursday as it was prepped for launch. Its payload was worth an estimated £150 million ($200 million), while the rocket itself cost £45 million ($60 million).