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The Tale of Falcon 1

22 Jul 2012, 12:42 UTC
The Tale of Falcon 1
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The development of SpaceX's Falcon 1 is a story of promise -- and partial fulfillment.

The Falcon 1 lifts off!
Elon Musk founded Space Exploration Technologies Corporation (SpaceX) in 2002. Its stated business objective was the development of launch services for a fraction of the cost of the then-available commercial launch providers – to the greatest extent practicable, they would create reusable pieces of its launch system, thereby greatly lowering the cost of space access. Toward that end, SpaceX sponsored the development of its own launch vehicle and engines, using a vertically integrated business model in which SpaceX would design, fabricate, prepare and operate a launch system.
Alan Boyle’s recent review of commercial efforts to supply the International Space Station naturally included coverage of the successful flight of SpaceX’s Falcon 9 rocket and Dragon’s delivery demonstration. The article focused on the way commercial space is financed, specifically how NASA is sponsoring the development of some of these capabilities. This financial arrangement is the basis for a point repeatedly voiced by critics of the heralded vision of “New Space” replacing “government” space – a company like SpaceX is not actually commercial in the traditional free market sense, but simply another government-funded ...

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