May 20, 2016 02:51 AM EDT

SpaceX Launch: Third Rocket In Space, Routinary Launches Coming?

By Jane Reed

Elon Musk promised a rapid and reusable rocket that is cost effective. This was not the case for Falcon 9. The rocket's cost was not anywhere near cost effective when it was produced but SpaceX wants to prove that it will have the ability to rebuild these rockets and the engines in a speedy and reusable manner. Its reusability will determine its cost effectiveness when it comes to future launches.

That's the future plans of Elon Musk. Currently, the successful SpaceX launch is a celebrated occasion as it landed three rockets from space - two by see and one by land. According to Science World Report, this achievement has provided the company a number of boosters in its Hangar 39A in Cape Canaveral, Florida.

Musk was so excited about the images gathered from the three boosters that he went to Twitter to ask for the need to increase the rocket storage in the hangars.

The company's aim to focus on reusability is crucial as the second rocket emerged on a boat surrounded by fire and smoke. SpaceX launches are expensive and economically, the costs are being driven by hardware. Musk once mentioned that when SpaceX launches a rocket, the cost is around $61 million. The kerosene propellant and liquid oxygen alone costs $200,000.

Now, SpaceX plans to reduce the Falcon 9 rocket's cost with the reused booster up to $43 million for every flight, with 30% savings. Later one, the company hopes to make all of the Falcon 9 launch systems reusable and routinary, according to The Guardian.

Aside from SpaceX rocket launches, the company is actively developing technologies with the ultimate goal of enabling human life on Mars because the company believes in a future where humanity is exploring the stars.

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