A SpaceX founder is hoping to launch his company’s first reusable rocket by 2020.
The company is already working on a reusable Falcon 9 rocket.
Elon Musk told CNBC on Monday that the company has received preliminary design approval for the Falcon 9.
The first test launch for SpaceX is planned for the end of the year, he said.
The company will be using the booster for its first manned mission.
It will carry three people to the International Space Station, which is set to be launched by SpaceX in 2021.
Musk told CNBC the goal is to have a reusable launch vehicle ready to launch astronauts in 2021 by the end