Grasshopper Takes Its First Hop / 9-21-12

This follows from the first test flight in late-September [this video] . > "Testing of Grasshopper continues, with the next big milestone -- a hover at roughly 100 feet -- expected in the next several months." This is preparation for the vertical take-off and landing (VTOL) rocket SpaceX wants to build [link] And the reason why they're doing this: [link] > But a fully reusable rocket could change the equation dramatically. Musk illustrated the point by citing SpaceX's Falcon 9, which costs between $50 million to $60 million per launch in its current configuration. > "But the cost of the fuel and oxygen and so forth is only about $200,000," Musk said."So obviously, if we can reuse the rocket, say, a thousand times, then that would make the capital cost of the rocket for launch only about $50,000."

This follows from the first test flight in late-September [this video] . > "Testing of Grasshopper continues, with the next big milestone -- a hover at roughly 100 feet -- expected in the next several months." This is preparation for the vertical take-off and landing (VTOL) rocket SpaceX wants to build [link] And the reason why they're doing this: [link] > But a fully reusable rocket could change the equation dramatically. Musk illustrated the point by citing SpaceX's Falcon 9, which costs between $50 million to $60 million per launch in its current configuration. > "But the cost of the fuel and oxygen and so forth is only about $200,000," Musk said."So obviously, if we can reuse the rocket, say, a thousand times, then that would make the capital cost of the rocket for launch only about $50,000." (Resubmission of [link] . I rarely resubmit, but this really is HN material and warrants quality discussion)