azuredrake and many other readers have written to tell us:
"The New York Times reports that the third SpaceX launch has failed following the second-stage ignition of the Falcon 1 rocket. The SpaceX launch had three satellites on board, all of which were presumably destroyed in the incident. This marks the third failed launch for SpaceX — twice they failed to reach orbit, and once the Falcon 1 rocket was lost five minutes after launch. While the company vows to carry on, this certainly raises some questions about the likelihood of successful privatization of the Space industry."
Reader Nano2Sol points out a video of the launch
from a camera on Falcon 1, and notes a small oscillation just prior to the footage being cut off. Spaceflight Now ran a mission update blog
leading up to the failure, and they also have more coverage on the loss of the rocket