SpaceX delays launch debut of upgraded Falcon rocket

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In addition to the satellite, the Falcon 9 launch could represent a major change in the operations and reliability of the SpaceX rockets.

The much-anticipated launch of Bangladesh's first ever satellite, Bangabandhu-1, ushers in a new era in Bangladesh's development. Falcon 9 Block 5 is created to be capable of 10 or more flights with very limited refurbishment as SpaceX continues to strive for rapid reusability and extremely high reliability.

About eight minutes after lift-off, the first stage of the rocket safely landed on an autonomous drone ship floating more than 300 miles off the Atlantic coast.

The Falcon 9 rocket was launched at 4:14 p.m. ET from Launch Pad 39A at NASA's Kennedy Space Center in Florida.

SpaceX CEO Elon Musk said that he would like to see a single Block 5 rocket fly three or four times by the end of 2018. This is the most powerful version of the private space company's Falcon 9 rocket, one featuring upgrades that enhance its reusability. As such, Block 5 rockets have been created to conform to NASA's crew-carrying requirements. Eventually, SpaceX is slated to have "30 to 50" of these rockets in its fleets, though the final number "totally depends" on how many "customers insist on launching a new rocket".

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Ultimately, the Block 5 will be the rocket SpaceX depends upon to send humans to the International Space Station. The Block 5 is also outfitted with improved navigation fins - which help guide the rocket's first stage back to Earth after delivering a satellite into orbit - made from fire-resistant titanium.

The launch was another in a string of resounding successes for Musk's aerospace company, whose ability to pioneer new advances in space technology have stood in contrast to the production struggles of his electric auto company, Tesla.

"The historic event took place at 2:14am Bangladesh time today when the country's first geostationary communication satellite started its voyage towards orbit from the Kennedy Space Centre in Florida, the U.S.", reported The Daily Star. "There are thousands and thousands and thousands of requirements", Musk said of the rocket.

It will also provide broadband connectivity to rural areas throughout the country.

The satellite is named after Sheikh Mujibur Rahman, the first President and the founding father of Bangladesh. He has said that his goal is to launch the same booster twice within 24 hours.