“The constellation has enough redundancy built into it in terms of the numbers of satellites that we don’t need to insure the performance of any specific satellite.” — Mike Safyan, Planet's vice president of launch and global ground station networks.

Insurers who specialize in the space industry, seeing no quick turnaround, are starting to look beyond its traditional customers to new markets.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...