<p>
<font size="2">SPACEX INTRODUCES DRAGONLAB™ — A FREE-FLYING, REUSABLE SPACECRAFT OFFERING FAST TRACK TO ORBITAL FLIGHT FOR PRESSURIZED AND UNPRESSURIZED PAYLOADS</font><font size="2"> </font></p><p><font size="2"><strong>SpaceX to Host (Invitation-only) Users Workshop on November 6</strong> <br /><br /></font></p><p align="justify"><font size="2">HAWTHORNE, CA – November 03, 2008 – Space Exploration Technologies Corp. (</font>
<font size="2">SpaceX</font><font size="2">) is introducing a new commercial product called DragonLab™, a free-flying, reusable spacecraft capable of hosting pressurized and unpressurized payloads to and from space. DragonLab will launch to orbit aboard a SpaceX Falcon 9 launch vehicle.</font></p><p align="justify"><font size="2">DragonLab provides a platform for in-space experimentation, including recovery of pressurized and some unpressurized payloads, as well as deployment of small spacecraft. As a complete system, DragonLab provides for all aspects of operation: propulsion, power, thermal control, environmental control, avionics, communications, thermal protection, flight software, guidance, navigation and control, entry, descent and landing and recovery. </font></p><p align="justify"><font size="2">SpaceX will host a DragonLab Users Workshop on November 6, 2008. This workshop will be an opportunity for potential customers to fully explore DragonLab's capabilities, as well as present customer-specific interests and requirements. The workshop agenda includes an overview of the Dragon spacecraft, concept of operations, payload accommodations and cost parameters.</font></p><p align="justify"><font size="2">"Just as importantly," said Max Vozoff, Product Manager for Dragon and DragonLab and host of the Users Workshop, "we will hear from potential users about their applications, requirements, and concerns, as well as discuss contracting mechanisms. We will also include a tour of our 550,000 square foot SpaceX manufacturing facility where we design and build all major systems for SpaceX launch vehicles and spacecraft."</font></p><p align="justify"><font size="2">SpaceX is currently manufacturing the Dragon spacecraft and Falcon 9 launch vehicle to provide the U.S. with cargo services to the International Space Station (ISS) under NASA's Commercial Orbital Transportation Services (COTS) competition. The maiden flight of Dragon/Falcon 9 is currently scheduled for June 2009 from SpaceX's Space Launch Complex 40 at Cape Canaveral, Florida. Two subsequent flights will be completed by 2010, culminating with Dragon berthing with the ISS. </font></p><p align="justify"><font size="2">Contact </font>
<font size="2">dragonlab@spacex.com</font><font size="2"> to request further information or an invitation to attend. All participants must register in advance to attend this workshop.</font></p><p align="justify"> </p><p align="justify"><strong><font size="2">About SpaceX</font></strong></p><p align="justify"><font size="2">SpaceX is developing a family of launch vehicles intended to increase the reliability and reduce the cost of both manned and unmanned space transportation, ultimately by a factor of ten. With its Falcon line of launch vehicles, powered by internally-developed </font>
<font size="2">Merlin</font><font size="2"> engines, SpaceX offers light, medium and heavy lift capabilities to deliver spacecraft into any altitude and inclination, from low-Earth to geosynchronous orbit to planetary missions.</font></p><p align="justify"><font size="2">On September 28, 2008, Falcon 1, designed and manufactured from the ground up by SpaceX, became the first privately-developed liquid fuel rocket to orbit the Earth.</font></p><p align="justify"><font size="2">As a winner of the NASA Commercial Orbital Transportation Services competition (COTS), SpaceX is in a position to help fill the gap in American spaceflight to the International Space Station (ISS) when the Space Shuttle retires in 2010. Under the existing Agreement, SpaceX will conduct three flights of its Falcon 9 launch vehicle and </font>
<font size="2">Dragon</font><font size="2"> spacecraft for NASA, culminating in Dragon berthing with the ISS. SpaceX is the only COTS contender with the capability to return cargo to Earth and demonstrate the capability to carry crew to and from the ISS.</font></p><p align="justify"><font size="2">Founded in 2002, the SpaceX team now numbers over 550, located primarily in Hawthorne, California, with four additional locations: SpaceX's Texas Test Facility in McGregor near Waco; offices in Washington DC; and launch facilities at Cape Canaveral, Florida, and the Marshall Islands in the Central Pacific.</font></p><p align="justify"> </p> <div class="Discussion_UserSignature"> <font color="#993300"><span class="body"><font size="2" color="#3366ff"><div align="center">. </div><div align="center">Never roll in the mud with a pig. You'll both get dirty & the pig likes it.</div></font></span></font> </div>