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PayPal founder's "budget" rocket roars into space.

A rocket funded by PayPal founder Elon Musk roared into space this morning and almost reached orbital velocity. The Falcon 1 rocket completed its five minute 200 mile journey and met "95%" of its objectives, according to Musk"s Space Exploration Technologies Corporation. The flight wasn"t completely successful and the rocket failed to reach orbital velocity. According to a statement issued by Space X, "The second stage didn"t achieve full orbital velocity, due to a roll excitation late in the burn, but that should be a comparatively easy fix once we examine the flight data." The Falcon 1 rocket is a two-stage rocket that uses liquid oxygen and rocket fuel-grade kerosene for fuel. Future satellite launches could be done on the cheap with Falcon 1 because it costs just $7 million dollars per launch which is about one-fifth the cost commercially established rocket launches.

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This article is too useful to get the better understand about the paypal\'s founder\'s passion.Its useful to have information about his rocket and the profit he has managed to make.

14.12.2011

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Very useful information.Information is given about paypal pension

16.03.2012


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