For The First Time There's A Rocket Capable Of Establishing Permanent Mars And Moon Bases: Elon Musk

A rocket capable of establishing a permanent presence on the moon and Mars has been built for the first time in history, according to Elon Musk — the CEO of private space giant SpaceX and electric vehicle manufacturer Tesla Inc.TSLA.

What Happened: In a Tuesday tweet, Musk wrote that "for the first time ever, there is a rocket capable of establishing permanent bases on the moon and Mars."

Musk's message was referring to progress made on the construction of SpaceX's Starship, a particularly large rocket meant to enable the human colonization of Mars.

The starship is meant to be a fully reusable, super heavy-lift launch vehicle and would be the world's tallest and most powerful rocket so far with a height of 120 meters or 400 feet, a diameter of 9 meters or 30 feet and a mass of 5,000 tons or 10 million pounds.

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This starhip is expected to be able to transport at least 100 tons or 220,000 pounds to low Earth orbit at once where it can be refueled by a tanker allowing it to deliver the same payload to Mars or the moon.

The remark followed a separate Tuesday tweet by Elon Musk pointing out that the "starship will be ready to fly next month." He also said that he himself "was in the high bay & mega bay late last night reviewing progress."