Last night a “budget rocket” reached space from Space Exploration Technologies founded by former Paypal star Elon Musk. This was the second attempt to reach space by the company, an earlier launch attempt was foiled by a corroded aluminium nut in the piping systems. The Falcon booster series is targeted to cost 1/5th the amount of competitors, and is slated to reach a launch cost of $1,000 per kilogram in 2010.


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