Us space types have had our eye on the new Falcon 1 launch vehicle from SpaceX for quite a while. The maiden launch is tentatively scheduled for March 21-25, after a few months of troubleshooting on the pad.
SpaceX is one of those new-fangled aerospace companies trying to provide cheaper access to space. Founded by Elon Musk of PayPal (sold to Ebay for $1.5 Billion) and Zip2 (sold to Compaq for $307 Million) fame, SpaceX is "Revolutionizing Access to Space" by providing, among other things, "a long term reduction in cost by a factor of ten."
In addition to their new launch vehicle designs (photo above), SpaceX is designing the Dragon, a vehicle that could become "America's First Privately Financed Manned Orbital Spacecraft."
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