The reusable craft is another step forward in space travel.
SpaceX founder Elon Musk has revealed his company's new spacecraft the Dragon V2 in a livestreamed webcast.
According to CNN, the Dragon V2 is SpaceX's first reusable spacecraft, 15 feet tall and capable of delivering up to seven humans to the International Space Station and then bringing them back to earth.
The reusability factor is a big deal, says Musk. "As long as we continue to throw away rockets and spacecraft, we will never have true access to space," he explains. "It will always be incredibly expensive."
SpaceX has been in business for 12 years, having already embarked upon three of its scheduled 12 ISS missions as part of a $1.6 billion contract with NASA - but all of its trips so far were unmanned.
Musk says that he's hoping to change that with the Dragon V2, aiming to complete its first manned test flight by the end of 2016. You can watch the reveal event in its entirety over at SpaceX's website.
SpaceX isn't the only company with space on the brain - Google is offering a $20 million award to the first company to send a device to the moon that can travel 500 metres on the surface send high-definition photographs back to Earth. Additionally
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