Monday, June 24, 2013

SpaceX Adds Satellite For Turkmenistan

Hawthorne-based SpaceX, the commercial rocket and spacecraft firm headed by Elon Musk, said over the weekend that it has signed a deal with Thales Alenia Space, to launch a satellite for Turkmenistan. Financial impact of the win was not announced. SpaceX said the geostationary transfer orbit satellite will be Turkmenistan's first, and will be used for communications. SpaceX is backed by Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners.