Matt Desch, CEO of Iridium Communications, told investors Wednesday the company wants to insure its upcoming constellation of NEXT satellites against potential operational risks, Space News reported Thursday.
â€œWe have to place insurance before launch and weâ€™re in that process right now,â€ he was quoted as saying.
Desch, an inductee into Executive Mosaic’s Wash100 for 2015, said he expects the first two NEXT satellites to launch aboard a Dnepr rocket from a Russian launch site in October or shortly thereafter, according to Space News.
Iridium has also selectedÂ SpaceX to help facilitate up to seven launches with the Falcon 9 rocket technology.
Desch noted SpaceX agreed to provide a free satellite relaunch in the event of a launch failure, the report said.