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Satellite Breakups Surge as Sky Insurance Becomes Unavailable

Rising satellite failures amid costly insurance and space debris concerns

From Hacker News Original Article Hacker News Discussion

A $500 million Intelsat-33e satellite exploded in orbit in 2024, adding to the growing space debris problem as satellite insurance becomes prohibitively expensive. Operators increasingly launch cheaper satellites without insurance, worsening the risk of collisions and creating a feedback loop of debris generation.

Why it matters: Rising space junk endangers vital satellites and the International Space Station, threatening global communications and scientific missions.

The big picture: Satellite insurance costs soar due to high claims and investigation challenges, prompting many companies to self-insure or forgo coverage.

The stakes: Without clear liability rules, space debris collisions could trigger a cascade effect (Kessler syndrome), potentially making low Earth orbit unusable.

Commenters say: Many express concern over the unsustainable growth of space junk and call for stronger regulations and innovative debris removal solutions.