Similar Stories to Watch Live: Spacex Attempts First Rocket Relaunch on Bing News

Julia Zorthian, Time: Business
Thu, 03/30/2017 - 9:14am

SpaceX is shooting a used Falcon 9 Rocket into space tonight, marking the first relaunch attempt for the space industry. Elon Musk’s company has successfully landed 8 out of 13 rocket attempts since Dec. 2015. The reuse-and-recycle approach it’s testing today is meant to save money, as SpaceX projects it can cut costs by 30% if it relaunches rockets rather than building new ones each time, Reuters reports. “If one can figure out how to effectively reuse rockets just like airplanes, the cost of access to space will be reduced by as much as a factor of a hundred,” Musk said, according to a 2015 SpaceX statement.

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