Technology News

SpaceX Wins Launch Escape System Contract

Wednesday, April 20, 2011 5:00:00 AM PDT | VentureDeal Staff

   Washington, DC  --  Space Exploration Technologies (SpaceX) has won a $75 million contract to develop a launch escape system for human spaceflight.

The award, from NASA, will help the company accelerate its efforts to human transport capabilities into low earth orbit.

SpaceX maintains that it will be ready to fly its first manned mission in 2014 via its seven seat Dragon spacecraft.

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