Busy of late is private space company, SpaceX and its lead booster, Elon Musk, chairman and chief executive officer of the El Segundo, California-based group.

Musk reported in a new communiqué that Space Exploration Technologies (SpaceX) is on full-speed fixing its Falcon 1 launcher, moving forward on Falcon 9 development, and working hard to win a NASA Commercial Orbital Transportation Services (COTS) contract.

The maiden voyage of the SpaceX Falcon 1 rocket failed March 24 of this year, shortly after liftoff. It suffered a fuel leak due to a ground crew processing error, leading to the rocket’s main engine shutoff and destruction of the vehicle.

Musk said that findings from a Defense Advanced Research Projects Agency (DARPA)/SpaceX Return to Flight Board about the failure will be available in some two weeks time.

“No major surprises were uncovered in the course of the investigation…so perhaps more interesting is the broader set of design and process improvements that constitute ‘Falcon 1.1’,” Musk noted.

Upcoming from Musk at the end of this month is a detailed update on the company’s larger Falcon 9 booster.

“We’ve made a tremendous amount of progress on that front. Except for the nosecone, we are 90 percent done with all the manufacturing tooling and should have serial number one of the first stage built within three to four months. We are targeting a [booster] stage hold down, multi-engine firing in about six months,” Musk reported.

On the business front, SpaceX now has ten launches on manifest and is on track to be cash flow positive in 2006, “our fourth full year of operation,” Musk said.