Elon Musk's private space company, SpaceX, has been experimenting with reusable rockets for some time now.
They are trying to work out a way to master reusable rockets for space travel.
You know what it means, right?
If they succeed, travelling to space will actually become affordable, making it a possible for the layman to embark on this journey.
They have released a video of Falcon 9, their reusable rocket lifting off, rising 250 meters, hovering, and landing on the ground right next to the launch pad.
SpaceX has developed reusable launch vehicles- Falcon 1 and Falcon 9. They have also developed the Dragon spacecraft which is flown into orbit by Falcon 9 and transports cargo to the International Space Station.
Musk hopes that by the end of the year he can send the reusable rocket back to space and return it to Earth one more time.
SpaceX or Space Exploration Technologies Corporation is a space transport company that was founded in 2002 by South African-born Canadian-American business magnate, inventor and former PayPal entrepreneur Elon Musk.
Elon Musk's fortune has more than tripled in the past year and he stands at a whopping $8.2 billion this year. Forbes put his riches in perspective, “Stock in Tesla Motors, the electric carmaker he founded, is up 625% in the past year, and stock in SolarCity, the solar panel designer and installer run by his cousin Lyndon Rive, is up 340%. His privately-held spacecraft-maker SpaceX was reportedly valued at upward of $4 billion in March 2013. In February, Tesla announced a $5 billion plan ($2 billion from Tesla, $3 billion from partners) to construct a new factory focused on large-scale battery production. Born in South Africa, by age 12 the serial entrepreneur had sold computer code to a space game for about $500. Musk left for the U.S. at 17 and made his first fortune as a co-founder of PayPal.”
As far as we are concerned, if he can give us cheap and affordable space travel, he deserves a lot more.