CUSat, a "nanosatellite" that Cornell University engineering students have been working on for the last eight years, is schedule to head into space on a SpaceX Falcon 9 rocket on September 15th of this month. The satellite will help calibrate GPS to 3 mm accuracy.
The 90 pound satellite will hitch a ride aboard the Falcon 9 and will move into low-earth orbit to assist with future space missions that need close-proximity craft-to-craft maneuvers.
Communications with the satellite will be from locations in Ithaca, the Marshall Islands, Colorado Spring, Colorado and Redondo Beach, California.
In 2007 the U.S. Air Force and the American Institute of Aeronautics and Astronautics chose CUSat - from among 11 entries - as the winner of its Nanosatellite Program's Nanosat-4 competition. Since 2005, more than 200 engineering students have worked on the project.
The satellite was originally slated for launch in 2008, then it was postponed until 2011/2012, and then to this month. As with all space launches, if the weather does not cooperate it could be delayed again.