SpaceX's F9R reusable rocket prototype launches on its first test flight, a vertical liftoff and landing test that carried the rocket 250 meters above a test pad in McGregor, Texas.
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SpaceX currently uses a non-reusable version of the Falcon 9 to launch its Dragon capsules into low-Earth orbit, on commercial resupply missions to the International Space Station.
Making its Falcon 9 a reusable launch vehicle capable of vertical takeoff/vertical landing will save the company a lot of time, money and resources in the long run, and represents a major step on the company's path to commercial spaceflight supremacy.
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