SpaceX manages to launch its first commercial satellite into orbit

SES, a Singapore-based satellite communications provider, recently hired SpaceX to launch a $100 million SES-8 satellite which will provide television, cable, and broadband to rapidly growing markets in South Asia and Asia Pacific regions. After two failed attempts last week, SpaceX managed to launch its first commercial satellite into orbit.

Third time’s a charm for Elon Musk. After two failed attempts last week, SpaceX on Tuesday successfully launched an unmanned Falcon 9 rocket, carrying its first commercial satellite into space. The launch is monumental for SpaceX because it proves the private company can deliver satellites into orbit on a budget. Now, CEO Musk and his team have an entry ticket to the $190 billion commercial satellite industry.