Facebook's Internet Plans Blow Up With A SpaceX Rocket
Facebook planned to use a satellite onboard the rocket that exploded during a test.By Matt Picht | September 1, 2016
A SpaceX Falcon 9 rocket blew up on the launchpad during a test run, taking its $200 million payload with it. That's bad news for SpaceX, and it's also not great for Facebook.
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The rocket was supposed to carry Spacecom's AMOS-6 communications satellite. Facebook was supposed to pay Spacecom $95 million to lease several frequencies covering Europe and Africa. That deal is now up in smoke.