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SpaceX founder unveils his 'future of space travel' capsule

SpaceX founder unveils his 'future of space travel' capsule
Space Exploration Technologies Corporation (SpaceX) presented its new space capsule, expected to carry up to seven astronauts into space and bring them back to Earth, with the capacity to land anywhere 'with the accuracy of a helicopter.'

The Dragon V2 (version two) was unveiled in Hawthorne, California on May 29 by SpaceX CEO Elon Musk. The sleek capsule is the company's first spacecraft designed for human travel to the International Space Station (ISS) and back. "It really takes things to the next level," Elon Musk said.

A view of inside the Dragon V2 manned capsule designed to carry astronauts after it was unveiled by SpaceX CEO Elon Musk during a news conference on May 29, 2014, in Hawthorne, California. (Kevork Djansezian / Getty Images / AFP)

Since the end of the US space shuttle program in 2011, Russian Soyuz spacecraft have been the only way astronauts can get to and from the ISS - at a cost of $70 million per person. The Dragon V2 is the first attempt by a private company to break Russia's monopoly on human space transportation.

Cutting expenses on space journeys is another idea behind the project. Musk highlighted the reusability of the new craft: "You can just reload propellant and then fly again. This is extremely important for revolutionizing access to space," he said, adding that "as long as we continue to throw away rockets and spacecraft, we will never have true access to space. It will always be incredibly expensive."

SpaceX CEO Elon Musk (R) introduces a video after unveiling the Dragon V2 spacecraft in Hawthorne, California May 29, 2014. (Reuters / Mario Anzuoni)

Another key feature of the Dragon V2 is its ability to be less dependent on other devices. Its crew can use rocket propulsion and deploy legs to land anywhere on earth, instead of using parachutes, although this option will be available as well, in case of any engine problems.

The new spacecraft will also be able to dock with the ISS autonomously - now the station catches and pulls capsules towards itself. "That is a significant upgrade as well," Musk said.

SpaceX CEO Elon Musk poses by the Dragon V2 spacecraft after it was unveiled in Hawthorne, California May 29, 2014. (Reuters / Mario Anzuoni)

SpaceX’s older device, the Dragon cargo capsule, was also present at the public launch of its new companion. In 2012, it became the first private spacecraft to carry supplies to the ISS and back. However, all its trips so far have been unmanned.

Now with its brand-new, shiny Dragon V2, SpaceX and its CEO Elon Musk (often referred to as a 'real life Iron Man') compete with such American companies as Boeing, Sierra Nevada and Blue Origin. They hope to have the first commercial space flight in commission as early as 2017.

SpaceX CEO Elon Musk (L) and guests (unidentified) sit inside SpaceX's seven seat Dragon V2 spacecraft, the company’s next generation version of the Dragon ship designed to carry astronauts into space, at a press conference to unveil the space capsule, in Hawthorne, California on May 29, 2014. (AFP Photo / Robyn Beck)