Friday, October 3rd, 2008

SpaceX Launch Successful

The Falcon 1 launch vehicle from SpaceX sucessfully made orbit after three earlier attempts. SpaceX

Last weekend, private space transportation company SpaceX successfully launched a payload into orbit, becoming the first privately-developed rocket to orbit the planet. The launch last weekend was the fourth try by the company to make orbit with its new launch system, named the Falcon 1. The company plans to offer commercial space launch services at rates significantly below existing methods.

"The data shows we achieved a super precise orbit insertion — middle of the bullseye — and then went on to coast and restart the second stage, which was icing on the cake," Elon Musk, founder of the company, said in a statement. In this segment we'll talk with Musk about the launch of the Falcon 1 and what's next for the company.