Private Funding
The Falcon 1 rocket was developed with private funding. The only other orbital launch vehicle to be privately funded and developed is the Pegasus, first launched in 1990; however, it requires a large aircraft as its first stage.
While the development of Falcon 1 was privately funded, the first two Falcon 1 launches were purchased by the United States Department of Defense under a program that evaluates new US launch vehicles suitable for use by DARPA.
Read more about this topic: Falcon 1
Famous quotes containing the word private:
“I fear the popular notion of success stands in direct opposition in all points to the real and wholesome success. One adores public opinion, the other, private opinion; one, fame, the other, desert; one, feats, the other, humility; one, lucre, the other, love; one, monopoly, and the other, hospitality of mind.”
—Ralph Waldo Emerson (1803–1882)