Space Exploration Technologies Corp. (SpaceX) announces that Flight 4 of the Falcon 1 launch vehicle has successfully launched and achieved Earth orbit. With this key milestone, Falcon 1 becomes the first privately developed liquid fuel rocket to orbit the Earth.

"This is a great day for SpaceX and the culmination of an enormous amount of work by a great team," said Elon Musk, CEO and CTO of SpaceX. "The data shows we achieved a super precise orbit insertion—middle of the bull's-eye — and then went on to coast and restart the second stage, which was icing on the cake."