SiriusXM said it has a $225 million insurance covering the launch and first year of in-orbit operations of the SXM 7 satellite, and the company said it expects to file a claim under the policy. In a quarterly earnings report in April, SiriusXM said it recorded a $220 million impairment charge from the failure of the SXM 7 mission after declaring the satellite a total loss. SiriusXM confirmed the failure of “certain SXM 7 payload units” in January, following orbit-raising maneuvers to reach a circular geosynchronous orbit more than 22,000 miles (nearly 36,000 kilometers) over the equator. The first satellite, SXM 7, successfully launched last December on a Falcon 9 rocket but suffered a payload failure before entering service. SXM 8 is the second spacecraft in a two-satellite order placed by SiriusXM in 2016. Liftoff is set for a one-hour, 59-minute launch window opening at 12:26 a.m. The high-power SXM 8 broadcast satellite, built by Maxar in Palo Alto, California, is tucked inside the nose cone of the Falcon 9 rocket on pad 40 at Cape Canaveral Space Force Station. SiriusXM will get a new radio broadcasting satellite with a launch scheduled early Sunday from Cape Canaveral aboard a SpaceX Falcon 9 rocket, following the failure of an identical spacecraft after a launch last December.
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