Falcon 1 lifts off on its second test flight. Credit: SpaceX
Third Time’s the Charm?
Geoffrey Little
Air & Space Magazine
“For [Elon] Musk, it’s a critical moment in his second career. A co-founder of PayPal with a personal fortune estimated at more than $300 million, the South African native has sunk more than a third of that amount into his 470-person space company. This is not a hobby; SpaceX’s manifest lists 14 launches through 2011, all with customers who have contracted for low-cost launches on Falcon 1 and the much larger Falcon 9, which is being built and tested for launch early next year.
“Musk aims to use these rockets and their variants to smash the current price to reach orbit. A Falcon-1 launch costs under $8 million, about half the industry average; the Falcon 9 goes for less than $37 million to lift 7,700 pounds to low Earth orbit; a planned Falcon-9 Heavy will be able to lift 62,000 pounds for $94.5 million.”
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