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SpaceX Rocket Passes U.S. Air Force Test, One Step Closer To Contract

Published 07/14/2014, 10:33 AM
Updated 07/14/2014, 10:45 AM
SpaceX Rocket Passes U.S. Air Force Test, One Step Closer To Contract
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By Meagan Clark - SpaceX, the company founded by Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk, has moved one step closer to competeing for lucrative launch contracts for launching sophisticated national security satellites.

SpaceX said late last week that he Air Force certified SpaceX’s Falcon 9 launch system,  a key milestone in the certification process, after inspecting data from three of the rocket’s successful flights over the past year.

The company expects to satisfy the remaining certification requirements later this year, which could lossen the grip  aerospace giants Boeing Company (NYSE:BA) and Lockheed Martin Corporation (NYSE:LMT) have had on building spy satellites for the U.S. space program for eight years.

SpaceX has logged nine launches with the Falcon 9 and is also building a bigger rocket, called Falcon Heavy, capable of lifting the government’s bulkier satellites.

© SpaceX. SpaceX successfully soft landed its Falcon 9 rocket into the Atlantic Ocean following the CRS-3 launch on April 18.

Even if SpaceX’s rockets satisfy all of the government’s requirements, the Air Force could choose to award contracts to another company.

"Despite the certification, I'm sure there are some people in the Air Force who are worried about the reliability of the Falcon 9 going forward," Loren Thompson, a SpaceX critic and aerospace policy analyst for the Lexington Institute in Virginia, told the LA Times. "So, SpaceX is not a shoo-in to win the next competition for military launch services."

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