Technology news and Jobs arrow Science arrow Musk's SpaceX Falcon rocket fails again
Musk's SpaceX Falcon rocket fails again E-mail
by Stephen Withers   
Tuesday, 05 August 2008
Page 2 of 2
A private equity fund recently agreed to a $US20 million investment in SpaceX. "Combined with our existing cash reserves, that ensures we will have more than sufficient funding on hand to continue launching Falcon 1 and develop Falcon 9 and Dragon," said Musk.

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SpaceX has an agreement with NASA to conduct three flights of the Falcon 9 and Dragon spacecraft with a view to using them to carry cargo and crew to and from the International Space Station as a successor to the space shuttle.

A significant feature of the Falcon rockets is that all stages are designed to be reusable.

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