The main stage of the rocket was carrying 11 satellites that will be deployed in low-Earth orbit for Orbcomm a global provider of machine-to-machine and Internet of Things technology. The majority of the launch cost comes from building the rocket, which flies only once. Compare that to a commercial airliner—each new plane costs about the same as Falcon 9, but can fly multiple times per day, and conduct tens of thousands of flights over its lifetime. Following the commercial model, a rapidly reusable space launch vehicle could reduce the cost of traveling to space by a hundredfold,” the company explained in a statement.SpaceX executives and engineers are celebrating the event. Space Exploration Technologies Corporation (SpaceX), founded in 2002 by Elon Musk, is an American aerospace manufacturer and space transport services company with its headquarters in Hawthorne, California, USA.