SpaceX debuting newest Falcon 9 rocket during launch Thursday

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The structure that keeps the motors anchored to the bottom of the rocket is now bolted, instead of being welded, to make it easier to get disassembled and inspected.

The Block-5 is the first rocket from Musk's California-based company to satisfy NASA's standards for its Commercial Crew Program to carry agency astronauts to the International Space Station, which SpaceX was seeking to accomplish by the end of 2018. In the past, stowing the landing gear took several hours, he said. "The new grid fins should be capable of taking a scorching and being fine". Block 5 will also likely be the final upgrade to Falcon 9. Next, the company plans to focus on its heavy-lift rocket, called BFR.

What is Block 5?

This is the third satellite that SpaceX will have aided in launching.

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This newest version of the Falcon 9 rocket will launch the Bangabandhu 1 communications satellite from NASA's Kennedy Space Center in Florida. The company has also upped the fault tolerance of numerous rocket's components in line with the higher safety standards of crewed spacecraft.

The Block 5's main upgrades revolve around two features: engines and shielding. That's more than half of the estimated overall $62 million price of the Falcon 9, according to various trade publications. It's also created to be safer and more reliable for astronauts who will be launched to the space station by SpaceX within the next year.

The Falcon 9 rocket Block 5 will be the first true test of SpaceX's reusable spacecraft.

That's a stark distinction from all other orbital rockets in use today, which are used once and then discarded in the ocean. The launch Thursday will boost Bangladesh's first communications satellite into orbit.

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SpaceX has twice reused a Falcon 9 booster.

"That's really going to help them in their operations, reducing manufacturing costs", Ostrove said. "That's basically the key thing on block 5".

'We are building the first Mars, or interplanetary ship, and I think well be able to do short trips, short up and down flights, by first half of next year, ' Musk said at the South by Southwest technology and culture festival in Austin, Texas, last month.

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