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Virgin Galactic Reveals Privately Funded Satellite Launcher

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Virgin Galactic recently revealed “LauncherOne,” a new air-launched rocket specifically designed to deliver satellites weighing less than 500 pounds into orbit. The company, owned by Virgin Group and aabar Investments PJS, said in a statement that commercial flights of this new orbital launch vehicle are expected to begin by 2016. Virgin Galactic also said four private companies have already put down deposits as future LauncherOne customers, expressing their intent to purchase a total of several dozen launches. Those companies are…

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