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natep
on Aug 3, 2012
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SpaceX wins $440M contract with NASA to develop Sp...
I don't know if balloons are practical, but that's the general idea of the Pegasus rocket, although it never achieved the cost savings they were hoping for.
http://en.wikipedia.org/wiki/Pegasus_%28rocket%29
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Search:
http://en.wikipedia.org/wiki/Pegasus_%28rocket%29