Space Economy Insurance

The space economy spans an extensive range of activities, including launch and propulsion technology, satellite operations, space exploration, and commercial space tourism. Relm offers robust coverage tailored to the unique risks faced by businesses operating in this groundbreaking industry. Whether you're involved in space exploration, satellite technology, or commercial space tourism, we provide the protection necessary to manage the specific challenges of this high-stakes sector.

RELM insurance for space economy and space tourism

Space Economy Coverage Built for Innovators

Space Economy Risks

01

Cyber Risk

Cybersecurity risk is a critical concern in the new space economy as the reliance on digital infrastructure and connectivity in space operations grows. Satellites, spacecraft, and ground stations are increasingly vulnerable to cyberattacks that could disrupt communication, compromise sensitive data, or even take control of critical systems. The consequences of such breaches extend beyond financial losses, potentially threatening national security, public safety, and the sustainability of space operations. As the new space economy expands, robust cybersecurity insurance is essential to protect these assets and ensure the resilience of space-based technologies the next frontier of space exploration.
02

Space Launch Failure

Launch failure risk is a significant challenge in the new space economy, as even minor technical malfunctions can result in the total loss of the launch vehicle, the spacecraft, or its payload during liftoff or commissioning. These failures can lead to substantial financial losses, project delays, and setbacks in achieving critical operational objectives. Relm’s specialized insurance products offer comprehensive protection against losses resulting from launch failures, enabling businesses to recover financially and continue pursuing their mission with confidence.
03

Space Tourism

Space tourism introduces unique risks in the new space economy, including passenger safety, vehicle malfunctions, and liability for accidents during launches or re-entries. These risks can lead to catastrophic financial losses, reputational damage, and regulatory scrutiny for companies operating in this emerging sector. Relm’s insurance products offer tailored coverage to protect space tourism businesses against financial losses from accidents, ensuring resilience and confidence as they pioneer this innovative frontier.
04

Regulatory Compliance

The space economy is subject to complex and evolving regulations at both national and international levels. Maintaining compliant operations while obtaining and maintaining requisite regulatory authorizations is critical to the success of any company pursuing innovations in space exploration. Our insurance solutions can help minimize the financial impact of non-compliance with regulatory requirements including costly penalties or bearing the cost of legal challenges.
05

Collisions of Debris in Orbit

The risk of orbital debris collisions is a growing concern in the new space economy as the increasing number of satellites and space missions heightens the likelihood of damaging collisions. Incidents can cause the loss of valuable space assets, disruption of services, and long-term threats to the sustainability of orbital operations. Relm’s insurance products provide businesses with financial protection against losses arising from orbital debris collisions, helping mitigate the risks associated with this critical exposure and ensuring the resilience of their space-based investments.
06

Supply Chain Risk

Supply chain risk is a critical concern in the new space economy, as the production of spacecraft, satellites, and launch components depends on highly specialized materials and suppliers. Disruptions, like delays in manufacturing or shortages of rare components, can cause costly project delays and operational inefficiencies. Relm’s insurance products provide financial protection against supply chain interruptions, helping businesses manage unexpected delays and maintain continuity in space missions.