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This lecture covers the development of the Lynx spacecraft by XCOR Aerospace, a startup company in the commercial space industry. The Lynx is a suborbital, reusable vehicle designed for space tourism and scientific missions, featuring innovative rocket propulsion technology. The spacecraft operates from regular runways, making space travel more accessible. The lecture also discusses the mission profile of a typical flight, the training required for pilots and participants, and the potential for conducting scientific experiments in microgravity. The instructor shares insights on the importance of space applications for the future, envisioning a world where space travel is common and beneficial for various purposes.