00:00It's Benzinga bringing Wall Street to Main Street
00:02SpaceX's Starship rocket can carry a space station into orbit, but the insurance market
00:07lacks the capacity to cover its full value. Realm executive Andrew Bonwick told Benzinga
00:12that launch insurance currently tops out at about $650 million. Voyager Technologies plans to launch
00:18its Starlab space station aboard Starship in 2029. The project is expected to cost between $2.8
00:24billion and $3.3 billion, leaving most of its value beyond current insurance limits.
00:30Bonwick said alternative markets, insurance-linked securities, and derivatives could help expand
00:35coverage. He expects initial insurance prices for Starship to be high, but to decline quickly
00:40if the rocket proves reliable. Starship reached orbit for the first time in September.
00:44For all things money, visit Benzinga.com.
