On Thursday evening at a start facility in Boca Chica, Texas, billionaire and SpaceX founder Elon Musk gave an update on Starship, a highly effective rocket that some say will change the room business in ways that numerous can’t yet imagine. And that lack of creativity could pose a challenge for other industry players.

“I come to feel at this stage hugely self-confident that we will get to orbit this 12 months,” Musk explained, referring to the Starship design.

The rocket was on exhibit at the Starbase exam facility during Musk’s speech. Sitting atop its huge booster, termed Tremendous Hefty, Starship measures just brief of 400 feet (120 meters) tall. This can make it taller than Saturn V, the 363-foot-tall NASA rocket applied for the Apollo moon missions in the 1960s and 1970s, now the tallest operational rocket at any time applied. Starship is meant to be completely reusable and have the capability to have more than 100 tons to Mars and the Moon.

“Absolutely reusable Starship and Tremendous Significant programs are envisioned to allow for space-based pursuits that have not been attainable prior to,” SpaceX writes in the Starship user guidebook.

Starship would be a significant stage toward SpaceX’s goal of building daily life interplanetary. The rocket’s significant payload capability along with the reusability issue could significantly modify the economics of launching folks and issues into house.

Musk’s speech focused on Starship’s complex developments. He remained obscure about what initiatives the organization might be in store.

“There is certainly likely to be some future announcements that I assume individuals will be very fired up about,” he said. “There are a large amount of added buyers that will want to use Starship. I never want to steal their thunder. They are likely to make their individual bulletins.”