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Watch SpaceX's reusable rocket hover at 3,280 feet before gently landing back to Earth

BY DANIEL COOPER  @DANIELWCOOPER  MAY 2ND 2014, AT 4:10:00 AM ET

Read more: http://www.engadget.com/2014/05/02/space-x-reusable-falcon-9r-test-video/

Between winning an injunction against a rival and proving that its reusable rocket works, it's been a pretty good week for SpaceX. As a victory lap, the company has once-again test fired its Falcon9R rocket, and unlike last time, filmed it from the ground so everyone can see its progress. In the clip (below), the craft launches, hovers at 1,000 meters (3,280 feet) and gently coasts back to the ground for a safe landing. With this early hardware, the landing legs remain out at all times, but it's hoped that soon, the company will be able to have them stowed against the body, only emerging when it's time to land -- just like the U.S.S. Planet Express Ship.