SpaceX Becomes First Company to Dock Ship at Space Station

May 25 (Bloomberg) -- Space Exploration Technologies Corp.docked a supply ship at the International Space Station in a breakthrough for commercial space travel. Bloomberg's Cory Johnson reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Space Exploration Technologies Corp. docked a supply ship at the International Space Station in a breakthrough for commercial space travel.

Closely held SpaceX, controlled by billionaire Elon Musk, connected its unmanned Dragon capsule to the station at 12:02 p.m. New York time, according to Kyle Herring, a spokesman for the National Aeronautics and Space Administration. It is the first company to accomplish the feat.

“There’s so much that could have gone wrong, and it went right,” Musk, 40, said in a press conference from SpaceX’s headquarters in Hawthorne, California. “This really is I think going to be recognized as a significantly historic step forward in space travel.”

He said the timing of an initial public offering of SpaceX shares wouldn’t be affected by the successful docking. He told Bloomberg last month that an IPO was likely in 2013.

The U.S. is on its way to having a cost-effective space transportation system, Michael Lopez-Alegria, president of the Washington-based Commercial Spaceflight Federation, said in a statement.

SpaceX, he said, should be thanked for “restoring U.S. access to the space station.”

Shuttle Decision

NASA retired its shuttle fleet last year and wants the private sector to take over the job of carrying supplies and eventually astronauts to the station. The U.S. currently relies on the governments of Europe, Japan and Russia for that work.

After almost three years of delays in the mission, SpaceX launched its Falcon 9 rocket, carrying the Dragon ship, on May 22 from Cape Canaveral, Florida. A previously scheduled attempt on May 19 was called off with a half-second left in the countdown because of a faulty engine valve.

Astronaut Don Pettit, with help from colleague Andrew Kuipers, grabbed the craft with the 60-foot-long robotic arm at 9:56 a.m. New York time. Actual docking, or berthing, was completed at 12:02 p.m.

The Obama administration in 2010 canceled a program to develop a shuttle successor, betting the private sector would offer lower costs.

John Holdren, assistant to President Obama for science and technology, called the docking a milestone.

“That is exactly what the President had in mind when he laid out a fresh course for NASA to explore new scientific frontiers and take Americans even deeper into our solar system while relying on private-sector innovators” to ferry astronauts and cargo to the space station, he said in a statement.

Orbital Sciences

SpaceX is among several companies that have won a total of more than $1 billion in NASA contracts to develop the technology to transport cargo and crew into space.

SpaceX may begin regular supply deliveries to the station in September, NASA Station program manager Mike Suffredini told reporters at the press briefing. The company and Orbital Sciences Corp. (ORB) will do the “lion’s share” of the station supply work, he said.

Publicly traded Orbital, based in Dulles, Virginia, plans to launch its new Antares rocket for the first time in August, from a new launch pad near Wallops Island on Virginia’s Eastern Shore, according to NASA. It’s scheduled to deliver supplies to the station with its Cygnus craft in December as part of a test flight similar to SpaceX’s.

Others working with NASA include Blue Origin LLC, based in Kent, Washington; Boeing Co. (BA), based in Chicago; Paragon Space Development Corp., based in Tucson, Arizona; Sierra Nevada Corp., based in Sparks, Nevada; and United Launch Alliance LLC, a joint venture of Boeing and Lockheed Martin Corp. (LMT), based in Bethesda, Maryland.

Alliant Techsystems Inc. (ATK), based in Arlington, Virginia, has teamed up with Lockheed and Astrium, part of Leiden, Netherlands-based European Aeronautic Defence and Space Co., in offering the Liberty rocket to compete for NASA business.

To contact the reporter on this story: Brendan McGarry in Washington at bmcgarry2@bloomberg.net

To contact the editor responsible for this story: Stephanie Stoughton at sstoughton@bloomberg.net

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