SpaceX Announces Successful Launch

By Henry Steck, Director of Financial Operations

On Friday, March 31, United States based aerospace company SpaceX successfully launched and retrieved its first recycled rocket. Dubbed the Falcon 9, the rocket was launched from Florida to send a satellite into orbit for Luxemburg-based satellite communications company SES SA. Following its successful launch, the rocket’s expensive main booster separated from the rest of the device and flew remotely back to a landing pad in the Atlantic. There it completed a successful landing for retrieval.

The company’s successful launch and retrieval of its recycled orbital-class booster is an important step towards making space travel cheaper in the future. “This is a huge day,” said SpaceX founder and CEO Elon Musk to Al Jazeera after the launch, “my minds blown.” SpaceX was established in 2002 with the goal of designing products to reduce the costs of space travel.

Since its founding, the company has reached numerous milestones, including being the first privately-funded company to send spacecraft to the International Space Station.

Entrepreneur Musk has big plans for SpaceX, saying to Al Jazeera that “the potential is there for [an] over 100-fold reduction in the cost of access to space. If we can achieve that, it means humanity can become a space-faring civilization and be out there among the stars. This is what we want for the future.”

A version of this article appeared in the Tuesday, April 4th print edition.

Contact Henry at


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