10 things you need to know today: May 22, 2012

SpaceX's private rocket successfully lifts off, Facebook stock drops 11 percent, and more in our roundup of the stories that are making news and driving opinion

The Falcon 9 SpaceX rocket stands ready for launch at the Cape Canaveral Air Force Station in Cape Canaveral, Fla.
(Image credit: AP Photo/John Raoux)

1. SPACEX'S PRIVATE ROCKET SUCCESSFULLY LAUNCHES

Early Tuesday morning in Cape Canaveral, Fla., SpaceX's Falcon 9 launched into space carrying a cone-shaped space capsule bound for the International Space Station. The capsule, named Dragon, is carrying half a ton of food and provisions for the space station, and it reached orbit nine minutes into the flight. The historic liftoff marks the first time a private company has sent a vessel to the space station, something previously done only by major governments. The launch was first attempted on Saturday but was aborted with just a half-second left in the countdown when flight computers detected an issue. [Associated Press]

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