04:49 GMT06 June 2020
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    Destruction of the AMOS-6 satellite during Thursday’s launch pad explosion of a SpaceX rocket is expected to result in lost revenues of more than $50 million, the satellite company Eutelsat Communications said in a press release.

    WASHINGTON (Sputnik) — The satellite was destroyed when SpaceX rocket exploded on a launch pad at Cape Canaveral in the US state of Florida on Thursday.

    "The impact on revenues is estimated at around €5 million in FY [fiscal year] 2016-17, €15 million in FY 2017-18 and €25-30 million in FY 2018-19," the release explained on Friday.

    The amounts total about $55 million.

    Eutelsat leases capacity on 39 satellites to clients, including broadcasters, pay-TV operators, Internet service providers and government agencies, the release noted.

    In collaboration with Facebook, Eutelsat had contracted a multi-year agreement to lease AMOS-6 satellite coverage of sub-Saharan Africa, with the goal of launching broadband services early next year, the release said.

    Tags:
    Facebook, Eutelsat, Cape Canaveral
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