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Ah, 1 in 100 does indeed sound quite risky. I assumed it was much better than that.
Even transporting waste via rail or road requires a container that would survive any conceivable surface level collision. If you apply that philosophy to a space launch... well you looking at a very uneconomical ratio of container to waste, even if rocket launches were thousands of times more likely to be successful.
Ah, 1 in 100 does indeed sound quite risky. I assumed it was much better than that.