Satellite insurers: Let aging satellites retire to reduce catastrophic-failure risk

by Peter B. de Selding

TOKYO — Space insurance underwriters on Oct. 12 said recent in-orbit failure of several aging satellites is a signal that satellite owners need to be more prudent in retiring their assets rather than keeping them in service beyond their scheduled retirement dates.

They said both government and commercial fleet operators need to act voluntarily or face the threat of regulatory restrictions on their activities if more such failures occur.

Up to now, the recent in-orbit failures have occurred on U.S. government-owned spacecraft that did not carry . . .

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