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SpaceX Is Getting Ready to Launch a Reused Rocket for the First Time

March 9, 2017, 1:30 PM UTC

Billionaire Elon Musk’s SpaceX is preparing to launch a reused rocket for the very first time.

Reusability is particularly important because it could lead to lowered space travel costs in the future.

The news was announced at Satellite 2017, a conference in Washington, Bloomberg reports.

The launch will happen by the end of the month, Gwynne Shotwell, SpaceX’s president and chief operating officer, said. The company will reuse a Falcon 9 rocket to carry a satellite.

“SpaceX has been working on reusability since the get go,” Shotwell said.

The company made headlines recently after it announced that it intends to send two private citizens on a trip to the moon next year. Reusable rockets could make such space tourism excursions more common.