Event:
Commercial space company SpaceX has been approved as a contractor to the U.S. military for satellite launches; SpaceX will compete for contracts against the Boeing-Lockheed Martin United Launch Alliance, currently the primary military launch provider
More Notable Events on May 27:
1994 Larry King ended his radio show
1988 Senate ratified a treaty eliminating medium-range nuclear missiles
1969 Walt Disney World construction begins
1937 Golden Gate Bridge, San Francisco, dedicated
1919 Charles Strite patents pop-up toaster