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> <i>For less than $100 million, Elon designed & built two distinct engines and a rocket and launched it. Mind you it was unsuccsessful, but it launched. By contrast, Kistler was $600 million in debt when they went into bankruptcy, despite having bought existing engines and never having gotten anywhere close to a launch. What SpaceX has done is impressive, even *with* the first-launch failure. </i><br /><br />SpaceX is already a success in many ways, including that they have more money in contracts for launches than they have reportedly put into development. They are still working the bugs out of the Falcon but there is strong confidence in them, represented by those launch contracts. The were unsuccessful but deserve congratulation - the same way that Jon Carmack and Armadillo were congratulated after their awesome "failed" XPrize flights. They put on a good showing and learned a lot in the process. SpaceX will most likely field the next orbital rocket series, worldwide. I think they will also field the next human space vehicle, before the Stick or any Russian offerings. <br /><br />I'd like to point out that along with Kistler not anywhere near flying hardware, Rocketplane hasn't been exactly revolutionizing spaceflight. They had a perfectly good concept (rocket retrofits in jet aircraft, airial fuel-up) but haven't gotten there in over 10 years. I'm not confident in their CATS venture, the exception being that it looks like ATK will be actually running the project. On topic, this is probably the route to NewSpace moneys for Big Aero. There is still hardware that is very hard to build and Big Aero does have the expertise. Instead of aquiring or burying upstart space companies, they will skim large amounts of work off the top. This will start with NASA contracts but eventually include VC and other capital investments. It makes sense from a small company's perspective, too, if ATK etc. bring unique skills to the table. <br /><br />My concern with the Stick is that <div class="Discussion_UserSignature"> <div align="center"><em>We need a first generation of pioneers.</em><br /></div> </div>