SpaceX unveils manned capsule for ISS

|By:, SA News Editor

SpaceX has revealed its prototype to shuttle astronauts to and from the International Space Station. The new Dragon V2 Vehicle is competing with rivals Boeing (BA) and Sierra Nevada Corporation to win NASA's "space taxi" contract.

The company promises to charge no more than $20M, which is a hefty break. Russia currently charges NASA more than $60M per astronaut for a flight to the ISS.

SpaceX is also fighting a battle on another front, as it seeks to end a near-monopoly of Pentagon satellite launches enjoyed by a joint venture between Boeing and Lockheed Martin (LMT).