On Thursday, March 7, 2013, SpaceX's Grasshopper rose 24 stories or 80.1 meters (262.8 feet), hovered for approximately 34 seconds and landed safely using closed loop thrust vector and throttle control. Reminiscent of hovering rocket ships from classic 1950s SciFi movies, Grasshopper touched down with its most accurate precision thus far on the center-most part of the launch pad. Grasshopper is the centerpiece of SpaceX's efforts to achieve one of its key goals -- to develop fully reusable rockets -- a feat that will transform space exploration by radically reducing its cost.