Musk Settling Air Force Suit Gives SpaceX Path to Future Flights

January 26, 2015 5:17 AM

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Billionaire Elon Musk’s decision to settle a lawsuit against the U.S. Air Force means his closely held SpaceX will miss out on one key goal -- getting a shot at 36 military rocket launches -- while making progress in the hunt for future contracts.

Musk’s Space Exploration Technologies Corp. agreed on Jan. 23 to drop a protest against the Air Force’s “block buy” contract awarded to a joint venture between Boeing Co. (BA) and Lockheed Martin Corp. (LMT) The Air Force said it will expand the competitive opportunities for launch services and work...

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