An issue with the Inmarsat-6 (I6) F6 2 satellite could send the space insurance market deep into the red, pushing up rates that were already rising following news of ViaSat-3’s troubles just six weeks earlier.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...