Commercial space takes off
First off, a much belated congratulations to Elon Musk and the folks at SpaceX for last month’s successful test launch of the Falcon 9 vehicle. The video is as spectacular as the story of a company, that for pennies on the dollar, hbas shown a path to reducing launch costs by a whole order of magnitude. A month on, and SpaceX’s work is already paying off:
Space Exploration Technologies has signed a $492 million deal to carry Iridium Communications’ mobile telecommunications satellites into space starting in 2015.
Space Exploration, better known as SpaceX, said Wednesday that the deal represents “the largest single commercial launch deal ever signed.” Iridium provides mobile voice and data services around the globe.