Elon Musk Has a Date for the First Relaunch of a SpaceX Rocket

June 8, 2016, 6:45 PM UTC
SpaceX Launches Dragon Spacecraft For Mission To International Space Station
CAPE CANAVERAL, FL - OCTOBER 07: A SpaceX Falcon 9 rocket attached to the cargo-only capsule called Dragon lifts off from the launch pad on October 7, 2012 in Cape Canaveral, Florida. The rocket is bringing cargo to the International Space Station that consists of clothing, equipment and science experiments. (Photo by Joe Raedle/Getty Images)
Photograph by Joe Raedle — Getty Images

The first relaunch of a SpaceX rocket is slated to take place this fall, according to CEO Elon Musk.

Musk, who is also the CEO of Tesla (TSLA), wrote on Twitter: “Fourth rocket arrives in the hangar. Aiming for first reflight on Sept/Oct.”

As CNNMoney noted, the ability to relaunch a rocket will dramatically reduce the costs required for space travel.
In May, SpaceX completed its last successful flight when one of its $35 million Falcon 9 rockets landed on a floating barge in the Atlantic Ocean, as Fortune wrote. On April 8, the company successfully landed a rocket on a floating drone ship for the first time after numerous failed attempts. It landed its first ever rocket on the ground in December.
SpaceX also published a video showing footage of the April event:

In March, SpaceX announced that it had plans to launch a rocket into space every few weeks, including having 18 launched by the end of 2016.
At the annual Code Conference earlier this year, Musk said that he plans for there to be a human colony on Mars by 2024 or 2025, as reported by Fortune. “It’s important to ultimately be out there among the stars,” Musk said. “It’s the exciting, inspiring future that I think people want.”
Fortune has reached out to SpaceX for comment and will update this story if we hear back.

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