EFE | Mexico City

The failed launch of Mexico's Centenario satellite is a setback for the spacecraft launch schedule and will spark a huge hike in insurance costs, while also discrediting Russian space technology, specialists told Efe.

"Insurance costs will go through the roof and will make satellite launches more expensive. And it will be governments and users that feel the pain - because someone has to pay for it," Slava Frayter, vice president for the Americas of the Newtec satellite communications company, said.

The Centenario, with a cost of $390 million (351 million euros), was part of the Mexsat system, made up of the fixed communications satellite Bicenten
The Centenario, with a cost of $390 million (351 million euros), was part of the Mexsat system, made up of the fixed communications satellite Bicentenario and the twin satellites for mobile communications, Centenario and Morelos 3. EFE/SCT/Editorial Use Only/File
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