Monday, February 9, 2009

NASA takes on SpaceX

Space Exploration Technologies or SpaceX, a start-up company founded in 2002 that has eliminated traditional company layers of management and sub-contractors to develop launch vehicles and spacecraft with reduced costs and increased reliabilty, has beat out Boeing and Lockheed for the NASA Cargo Resupply Services contract worth $1.6 billion.

Check out the CNN.com video which features founder Elon Musk, a Wharton alumnus, here.

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