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Bloomberg View: NASA is lost in space

This image taken from video provided by NASA TV shows Orbital Sciences Corp.'s unmanned rocket blowing up over the launch complex at Wallops Island, Va., just six seconds after liftoff. The company says no one was believed to be hurt and the damage appeared to be limited to the facilities.

Accidents happen. That's especially true of space flight, one of humankind's more complicated and dangerous endeavors, and it's a truth that was spectacularly illustrated this week at Wallops Flight Facility in Virginia, where a rocket blew up ferrying supplies to the International Space Station.

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