Elon Musk: Falcon 1 to Fly in August

After three years of research and development Elon Musk, chairman and CEO of Space Exploration Technologies Corporation (SpaceX) of El Segundo, California, just announced a flight date of Falcon 1 sometime in August.
Here's a bit of the story from Space.com:


While Falcon 1 remains yet to fly, Musk said he and his team have focused for the past year on the Falcon 5 booster – the firm’s medium-lift launcher that is roughly in the class of a Boeing Delta 2-heavy vehicle. "It will be safe enough to carry people," he added, having an "engine out" capability and still make orbit.
Musk has eyes on a bigger prize. To build even larger vehicles beyond the Falcon 5, but added: "We’d like to get some things accomplished before we claim we’re going to do other things."
"We’ll be announcing something fairly significant later this year as far as much more capability than is currently represented. But we’d like to have one launch before making any big announcement in that direction. But you can expect that…expect that from a strategy standpoint. Call it the 7/11 strategy. We’re going small, medium, large and extra-large, or big gulp, or whatever it is."


(Read the entire story here.)
It's an exciting time. I keep saying it, and it just keeps getting more and more exciting...