The final insurance frontier: Hong Kong spots opportunity in mainland China’s space boom

Elon Musk’s recent record-breaking SpaceX IPO has thrust the space economy into the financial mainstream, but mainland China’s trillion-yuan commercial space sector remains strikingly underinsured – a gap industry insiders say presents a rare opportunity for Hong Kong. On the mainland, only third-party liability insurance is mandatory for commercial space activities.

Coverage for research and development, manufacturing, testing, launches and in-orbit operations remained largely optional,...