What happens when payload is lost at such an event due to SpaceX related failure? Obviously they have to reschedule but does SpaceX cover partial losses etc?
Aon International Space Brokers ( http://www.aon.com/singapore/risk-services/products-services... ) covers liability for the payloads to be delivered, however, SpaceX shoulders the financial burden of losing the rocket itself, as only the contents are insured.
Short term setback, but probably not so awful long term. Also glad nobody got hurt. It's just money.