Monday, March 14, 2011
SpaceX Announces Second Satellite Launch Deal
In the second satellite launch deal announced today, Hawthorne-based Space Exploration Technologies (SpaceX) and ORBCOMM said that SpaceX will carry two new satellites to orbit this year. Financial details of the launch agreement were not disclosed. The two said that SpaceX will launch two, ORBCOMM satellites into geosynchronous orbit, used for data communications. ORBCOMM provides machine-to-machine communications capability to customers such as Caterpillar, Hitachi Construction Machinery, Hyundai Heavy Industries, and others. SpaceX is venture backed by Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners, and is headed by technology mogul Elon Musk.