Monday, March 15, 2010

SpaceX Signs Satellite Launch Deal With Space Systems/Loral

Hawthorne-based Space Exploration Technologies (SpaceX), the commercial rocket firm headed by Elon Musk, announced today that it has inked an agreement with Space Systems/Loral to launch a satellite for the firm. SpaceX said that the deal calls for launch of a manufactured satellite aboard a SpaceX Falcon 9 as early as 2012. Financial terms of the deal were not disclosed. SpaceX said the contract covers the launch of its Falcon 9 from Cape Canaveral, to insert the satellite into geosynchronous transfer orbit. SpaceX is backed by the Founders Fund, Draper Fisher Jurvetson, and Elon Musk himself.

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