Elon Musk to reveal new SpaceX craft

May 29, 2014 7:02 PM

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LOS ANGELES -- Billionaire Elon Musk is set to unveil the new SpaceX spacecraft designed to fly astronauts to the International Space Station.

The Southern California-based rocket maker is one of several private companies vying to develop "space taxis" for NASA to replace the retired space shuttle fleet.

Also read: SpaceX Launches 1st Private Rocket from Historic NASA Pad — Then Sticks a Landing

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