SpaceX Developing Orbital Crew Capsule

iamlucky13 writes "Private aerospace firm SpaceX has revealed that it has secretly been working on a crew and cargo vehicle since late 2004. Development of the capsule, named Dragon, has so far been funded by SpaceX and its partners, which includes the Canadian company that built the robotic arm for the International Space Station. Dragon would be launched atop a SpaceX Falcon 9 and dock at the ISS with assistance of the robotic arm. While SpaceX founder Elon Musk is prepared to complete development of the capsule with his own resources, SpaceX is seeking funding from NASA's Commercial Orbital Transportation Services program, which makes up to $500 million available through 2010 for private spacecraft development."