Tuesday marked the historic flight of the Falcon 9 rocket and now Friday, assuming passing grades for the Dragon Capsule, the Canadarm2 (Space station robotic arm) will grapple the capsule and dock it with the International Space Station (ISS). The animation in the video below shows exactly how this will occur.
Dragon will not go directly to the station. First it will carry out a flyby of ISS on Thursday, May 24th. During this flyby SpaceX will assess its sensors and flight systems. It will pass within 1.5 miles (2.4 kilometers) of the outpost.
Assuming this flyby checks out, NASA will attempt to dock the capsule on Friday, May 25th. Dragon does not have an automated docking system, so it has to get close to the station then let the robotic arm do the rest.

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