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SpaceX to Launch Another Dragon on Friday

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With Friday's weather forecast for Cape Canaveral being 90% favorable for launch, the rocket should go off without a hitch.

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On Friday, SpaceX will launch its second official cargo supply mission, titled CRS-2, to the International Space Station, using its Falcon 9 Rocket and Dragon capsule. Weather forecasts are 90% favorable for the launch.

Under NASA's Commercial Resupply Services contract, which SpaceX recieved in December 2008, the company is guranteed a minimum of 12 resupply missions in the coming years. The first launch, on October 8, 2012, was a success, with the Dragon capsule remaining on the station until October 28 when it disengaged and returned home, safely splashing down in the Pacific Ocean. That mission marked the first time a privately owned rocket brought supplies to the ISS.

SpaceX was founded by billionaire Elon Musk, who also founded electric car company Tesla Motors (NASDAQ:TSLA), PayPal (NASDAQ:EBAY), and solar energy company SolarCity Corp. (NASDAQ:SCTY). With the successes of these companies, speculation has been circulating about an IPO at SpaceX as well. Moreover, Musk has made it known that he has intentions to send missions to Mars.

The CRS-2 launch is scheduled for 10:10 a.m. ET on Friday, March 1. You can watch it live on SpaceX's webcast.



Also Read: Next Year, We May Be Investing in a Mission to Mars.

Follow me on Twitter: @JoshWolonick and @Minyanville
No positions in stocks mentioned.
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