On 12-3, SpaceX put a satellite into a high-earth orbit. The Luxembourg satellite operator SES will settle their sat into geosync orbit.
This is a major deal for SpaceX because it proves they can lift into geosync orbit. That means the satellite will appear to remain in the same place relative to the ground. They have a lot of contracts to do so and can now try breaking into the market for lifting Pentagon satellites. Up to now, they have only lifted to low-earth orbit.
Two great articles today explain the launch:
- Wall Street Journal – SpaceX Rocket Successfully Launches Its First Commercial Satellite
- USA Today – Successful commercial launch of rocket blazes firm’s new trail.
As an accountant, here are some tidbits from the articles on the market and economics of launching payloads that caught my eye.