UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                      -----------------------------------

                                   FORM 8-K/A
                             (AMENDMENT NO. 2) 


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                      -----------------------------------


    Date of Report (Date of Earliest Event Reported): DECEMBER 28, 2005
                               (NOVEMBER 15, 2005)

                                 SPACEDEV, INC.
               (Exact Name of Registrant as Specified in Charter)

                      COLORADO            000-28947           84-1374613
     (State or Other Jurisdiction     (Commission File     (I.R.S. Employer
            of Incorporation)             Number)       Identification Number)

                                13855 STOWE DRIVE
                             POWAY, CALIFORNIA 92064
               (Address of Principal Executive Offices) (Zip Code)

Registrant's  telephone  number,  including  area  code:  (858)  375-2030

Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions:

     [  ]  Written  communications pursuant to Rule 425 under the Securities Act
     (17  CFR  230.425)

     [  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR  240.14a-12)

     [  ]  Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
     Exchange  Act  (17  CFR  240.14d-2(b))

     [  ]  Pre-commencement  communications  pursuant  Rule  13e-4(c)  under the
     Exchange  Act  (17  CFR  240.13e-4(c))



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Explanatory  Note - This Amendment No. 2 to Form 8-K/A is being filed solely for
the  purpose  of  re-filing  the  redacted  Exhibit 10.1 (Falcon Launch Services
Agreement  dated November 15, 2005) to correct an inadvertent redaction and does
not  reflect  any events occurring after the date of filing of the original Form
8-K,  Amendment  no.  1  to  Form 8-K/A or otherwise modify or update any of the
information  contained  therein.


ITEM  1.01  ENTRY  INTO  A  MATERIAL  DEFINITIVE  AGREEMENTS

SpaceDev,  Inc.,  ("SpaceDev")  entered  into a Falcon Launch Services Agreement
dated  November  15,  2005  with  Space  Exploration Technologies Corporation, a
Delaware corporation ("SpaceX") pursuant to which SpaceX is to provide specified
launch services on a Falcon 1 launch vehicle.  SpaceDev is purchasing a Falcon 1
launch  vehicle  and  certain  services  in connection with a launch tentatively
scheduled  in  May  2008  of  the Falcon 1 vehicle, together with payloads to be
arranged  by  SpaceDev  that  are  expected to consist of microsatellites and/or
nanosatellites.


ITEM  9.01.  FINANCIAL  STATEMENTS  AND  EXHIBITS.

(d)  Exhibits.

EXHIBIT  DESCRIPTION     EXHIBIT  NO.
Falcon  Launch  Services  Agreement  dated  November  15,  2005          10.1*
Press  Release  dated  November  22,  2005                        99.1+

*     Registrant  requested  confidential  treatment  pursuant to Rule 406 for a
portion  of  the  referenced  exhibit and is filing a redacted version with this
report.


+  Previously  Filed



                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.


Dated  as  of  December  28,  2005.


     SPACEDEV,  INC.

     By:     /s/  Richard  B.  Slansky
          Richard  B.  Slansky
          President  &  Chief  Financial  Officer
          ---------------------------------------





                                  EXHIBIT INDEX

EXHIBIT  DESCRIPTION     EXHIBIT  NO.
Falcon  Launch  Services  Agreement  dated  November  15,  2005          10.1*
Press  Release  dated  November  22,  2005                        99.1+

*     Registrant  requested  confidential  treatment  pursuant to Rule 406 for a
portion  of  the  referenced  exhibit and is filing a redacted version with this
report.


+  Previously  Filed