As many who follow and support spaceflight are well aware, a Holy Grail of modern space transportation is the concept of the fully reusable rocket, or Reusable Launch System/Vehicle (RLV). Now, NewSpace orbital spacecraft provider SpaceX might just have this elusive target squarely in its sights.

Many solutions have been suggested to achieve the true RLV space technology benchmark, which would herald a new era in space transportation by driving launch prices down at least an order of magnitude. However, only a very few of these designs have lofted from the drawing board, and none have yet been successfully implemented.
Amongst these attempts are practically all of the famed, V-2 rocket-inspired Single Stage To Orbit (SSTO) concepts, such as those Vertical Takeoff, Vertical Landing (VTVL) rockets populating 1950s science fiction (right), as well as the Vertical-Takeoff, Horizontal Landing craft (VTHL) such as Lockheed’s Venturestar from the 1990s.
However, SpaceX, which has a cargo contract with NASA in-hand, is showing no signs of taking a breath prior to their first demonstration flight to the International Space Station later this year. Instead of the traditional, expendable rocket stages typical of space transportation, SpaceX is aiming to make their Falcon 9 rocket fully reusable (and has been quietly doing so since 2009).
This bears repeating. SpaceX plans to try and save their spent stages.

In a draft environmental assessment filed last fall, SpaceX calls the first reusable stage of the Falcon 9 the “Grasshopper,” and proceeds to generally describe potential launch and testing operations to be conducted from a test site in the city of McGregor, Texas.
The concept is simple. With a little extra fuel, forethought, and extendable legs, each stage could conceivably guide its own return for a powered landing (video available here).
(After all, the Lunar Lander Challenge is finding innovative solutions to this same vertical-landing problem from the other side of the conceptual fence.)
If successful, this forward drive from SpaceX could represent a watershed moment for conventional rocketry. Perhaps, should Grasshopper prove the viability of the RLV, it will no longer be seen as permissible or competitive by launch providers to waste spent rocket stages.
Then, for the first time, we could see a substantial launch price shift along with the largest widening of the doorway to space since the 1960s.
Keep your eyes on this one.