“A privately built rocket prototype that could lead to a completely reusable spaceflight system has passed its biggest test yet — a 12-story hop and smooth landing.  In the latest test at SpaceX’s proving grounds in MacGregor, Texas, the Grasshopper rocket flew for 29 seconds and reached a height of more than 130 feet (40 meters). A video of the Grasshopper test flight shows the rocket soaring up into the Texas sky, then smoothly descending to land on four spindly legs.”

http://www.space.com/19039-spacex-private-reusable-rocket-test.html

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