Market Chatter: Japan to Broaden State Liability Coverage for Rocket Launches

MT Newswires Live01-09

Japan plans to expand government-backed liability coverage for accidents caused by rocket launches, aiming to support the growth of its private space industry, Nikkei reported Friday.

Under current rules, the state provides compensation for damage from rocket mishaps only when satellites are on board, covering amounts beyond private insurance. The limit has raised costs and liability risks for launches without payloads, according to the report.

Draft legislation shows the government will extend coverage to developmental rocket launches with no cargo. The bill is set to be submitted to parliament later this month, the report said.

The change is intended to encourage new entrants and boost launch activity, with Japan aiming for 30 domestic launches a year by the early 2030s. The country recorded five launches in 2024, compared with 153 in the U.S. and 66 in China, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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