Chinese group to buy Israel’s Spacecom satellite operator for $285 million

Chinese group to buy Israel’s Spacecom satellite operator for $285 million

The sale of satellite fleet operator Spacecom of Israel to a Beijing conglomerate is pending the successful launch, scheduled for Sept. 3 by SpaceX, of the Amos-6 telecommunications satellite.

Credit: Spacecom – See more at: http://spacenews.com/chinese-group-to-buy-israels-spacecom-satellite-operator-for-285-million/

The rocket and Amos-6 payload were lost in a launch pad explosion on September 1, 2016 during propellant fill prior to a static fire test.[141] The pad was clear of personnel and there were no injuries. The purchase of Spacecom by Beijing Xinwei Technology Group was contingent on Amos-6 successfully being placed into service.

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