Boeing, SpaceX awarded contracts to build spacecraft for NASA

September 17, 2014 1:24 PM

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Boeing, SpaceX awarded contracts to build spacecraft for NASA

NASA has awarded contracts worth a combined $6.8 billion to Boeing and SpaceX to develop spacecraft designed to send astronauts into space. The news means the space agency will no longer have to rely on Russia’s Soyuz capsules to transport Americans to and from the International Space Station.

Specifically, Boeing will receive $4.2 billion with SpaceX getting the remaining $2.6 billion in funding over the next three years. Boeing will continue to refine its CST-100 capsule while Elon Musk’s startup will make improvements to its Dragon V2 capsule.

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