Bezos’s rocket startup is targeting 20 July for its first suborbital sightseeing trip, a landmark moment in a competition to usher in a new era of private commercial space travel.
The startup was planning to charge passengers at least $200,000 for the ride, based on an appraisal of rival plans from Branson’s Virgin Galactic Holdings Inc and other considerations, Reuters reported in 2018, but its thinking may have changed.
Global insurers as still in the early stages when it comes to covering liabilities surrounding space travel. Life insurers do not ask about space tourism or exclude it from their coverage.
“You will sign this waiver of liability and provided there’s no gross negligence or willful misconduct, if you don’t survive, unfortunately, there’s probably no financial recovery,” said Richard Parker of Assure Space, a unit of insurer AmTrust Financial.