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Musk’s SpaceX Drops Lawsuit Against Air Force on Launches

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Billionaire Elon Musk’s Space Exploration Technologies Corp. agreed to drop its lawsuit challenging U.S. contracts for military satellite launches awarded to a joint venture of Boeing Co. and Lockheed Martin Corp.

An agreement between the company, known as SpaceX, and the Air Force sets a path “that improves the competitive landscape and achieves mission assurance for national-security space launches,” according to a joint statement on Friday by the company and the Air Force.