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I think more likely, at some point, you just have to accept the risk.

How far do you take it? 4 launch vehicles all on standby ready to rescue the one before it? Is 3 enough? Maybe 2? Up until then, they had obviously calculated and accepted the risk of having no standby.




So at one point NASA did have a second shuttle on standby.

http://en.wikipedia.org/wiki/STS-125#Contingency_mission


Right, that was after the incident in question.

So obviously before the incident they were accepting the risk of no standby, where-as they revised that and decided that for a particular mission where using the ISS as a life-boat was not an option, they needed a standby to accept the risk.




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