The Falcon 1 rocket, from SpaceX was successfully launched from Kwajalein Atoll in the Pacific. However, the craft was not able to reach it's intended orbit before telemetry was lost and the nose cone was jettisoned. This is the second test launch for the DARPA financed Falcon 1, and the second time the craft has failed to meet expectations. Despite this, Elon Musk - co-founder of PayPal and CEO of SpaceX, believes that the launch was a success. At least all of the hardware wasn't lost in a launch pad fireball, I suppose.

SpaceX will try to re-test their Falcon 1 rocket. They will be launching their rocket from the scenic Kwajalein Atoll in the Pacific Ocean. The test launch is being paid for by DARPA.