Charter Space Secures $5M to Offer Tailored Insurance for Space Companies

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Charter Space has raised $5 million in funding to provide specialized insurance solutions for the space industry. The startup addresses a gap in the market where traditional insurers have historically been reluctant to cover space-related ventures due to unfamiliarity with the sector. Many space companies have struggled to obtain adequate coverage from conventional insurers who are put off by the technical complexity of the industry. Charter Space aims to bridge this gap by offering policies designed specifically around the unique risks faced by space businesses.

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