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sneakyimp writes: The Antares rocket operated by Orbital Sciences Corporation exploded on launch due to a "catastrophic anomaly" after a flawless countdown. No injuries are reported and all personnel are accounted for. According to the audio stream hosted by local news affiliate WTVR's website, the Cygnus spacecraft contained classified crypto technology and efforts are being made to cordon off the wreckage area. Additionally, interviews of personnel and witness reports are to be limited to appropriate government agencies so that an accident report can be generated. This accident is likely to have a detrimental effect on the stock price of Orbital Sciences Corp, traded on the NYSE. The Antares rocket's engines are based on old soviet designs from the '60s. While this is sure to be a blow to NASA due to the cost, it may well boost the fortunes of SpaceX, a chief competitor of Orbital Sciences. Both companies were recently awarded resupply contracts by NASA.