SpaceX has bad news. A major explosion occurred in Florida on SpaceX’s launch site, destroying the Falcon 9 rocket.
The company explained in a statement, “anomaly on the pad resulted in the loss of the vehicle and its payload.”
The loss of the Falcon 9 is a significant setback for SpaceX, which this week announced that it had signed its first customer to launch a satellite with a reusable rocket.
SpaceX President Gwynne Shotwell and Elon Musk have estimated previously that reusing rockets has the potential to cut launch costs by as much as 30%. This year, a lot of progress has been made as SpaceX has successfully landed rockets on land on drone ships in the ocean.
Now that the Falcon 9 has to be rebuilt, the company must prove that it can safely and reuse rockets to fulfill its core mission of increasing the frequency and lowering the cost of launches.