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SpaceX's unmanned rocket, carrying supplies to space station, explodes after launch

An unmanned SpaceX rocket carrying cargo to the International Space Station disintegrated over the Florida coast just two minutes after liftoff Sunday — the third major failure for America's commercial space industry in eight months.

The explosion was a blow to billionaire Elon Musk's SpaceX aerospace venture, which has shaken the global launch business in recent years by showing it can successfully fly rockets at a fraction of the price of other providers.

It was too early to determine what went wrong Sunday, but executives at the Hawthorne firm vowed to quickly pinpoint the problem. "We will identify the issue we experienced, fix it and get back to flight," Gwynne Shotwell, president of SpaceX, said at Sunday news conference.