azuredrake writes: 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 5 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.
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