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Tech Entrepreneur Now Orbiting The Final Frontier -- Space; Musk Has Invested $100 Mil; His company is set to enter commercial launch field vs. Lockheed, Boeing, Orbital.(INTERNET & TECHNOLOGY)
Byline: BRIAN DEAGON
Elon Musk's nickname should be rocket man. His two goals on Earth are to revolutionize the commercial space industry and help humanity become a space-faring civilization.
He'll move closer to those goals if the rocket engine his company built completes a milestone test Tuesday at Vandenberg Air Force Base along California's central coast.
Musk, 33, is chief executive of Space Exploration Technologies, a company he founded three years ago with $100 million of his own cash. Musk sold his electronic payment company PayPal to eBay for $1.5 billion four years ago.
SpaceX will perform the last major test of its Merlin engine, designed to lift the company's 70-foot-tall Falcon I rocket into space.
When the actual launch happens, Falcon I will spew 71,500 pounds of thrust burning for 167 seconds, enough to hurl a 1,500-pound satellite into orbit. A second booster stage engine, Kestral, will burn for 420 seconds. The maiden flight is scheduled to take place in late summer, also out of Vandenberg.
The Falcon I launch would mark the first time a company funded entirely by private money has sent a satellite into space. SpaceX has contracts for more launches.
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