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SpaceX's first three launches (of the Falcon 1) were failures, with the fourth launch being a success. Rockets are generally insured in order to protect the payload investment, but those three failures apparently drove the company to the edge of bankruptcy.

My question is, who (if anyone) insured SpaceX's first launches?

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    $\begingroup$ It seems unlikely anyone would insure that risk. $\endgroup$
    – GdD
    Mar 23 at 12:46
  • $\begingroup$ I don't have a definitive answer, but the first three falcon 1 launches carried US government payloads (which IIRC are not insured as a matter of policy) and the fourth carried a dummy payload. Only the final launch actually carried a commercial payload. $\endgroup$ Mar 23 at 18:10

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