Russian satellite launch failure costs millions

Russian satellite launch failure costs millions

POSTED: Tuesday, August 7, 2012 - 9:30am

UPDATED: Tuesday, August 7, 2012 - 9:34am

Russia's space agency took a hit tuesday after a botched multi-million dollar satellite launch. Officials say its Workhorse Proton Rocket failed soon after blast off, junking two telecom satellites being launched into space for Indonesia and Russia.

The error comes a year after a mishap that scrapped a $265 million satellite. Launches are expected to be suspended pending an investigation into today's failure. Russia carries out some 40% of global space launches.

 

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