SpaveX - First privately financed shuttle achieves orbit

The boys and girls over at SpaceX are partying hard this week after their aptly named Falcon1 made history by became the first privately funded rocket to achieve orbit yesterday. Three previous attempts had failed but as they say fourth time lucky Congrats to everyone on the spaceX team.

Apparently “the next Falcon 1 launch will carry ‘RazakSat‘ into orbit for Malaysia. If that launch is successful, the larger Falcon 9 rocket will take flight for the first time sometime in Q2 2009.” Gizmodo.com

Below is a video showing the launch of Falcon1.