SpaceX receives NASA approval for Commercial space cargo vehicle

SpaceX, a company which is developing commercial space vehicles, received a safety go ahead for its Dragon spacecraft, from NASA. A year ago, two teams form SpaceX and Rocketplane Kistler won the $500 million prize put up by NASA for the demonstration of new space ships that can ferry crew and cargo to resupply the space station.

“To date, no other group has passed the Hazard of Collision report the first time through or completed the overall review in such a short time,” said Elon Musk, CEO of SpaceX. “The fact that we passed in under a week speaks well of our team’s capabilities.”

Elon Musk is also the co-founder of PayPal.

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