Spacex planning to launch every 2 to 3 weeks and achieve 70% landing success rate in 2016

Elon Musk is confident about Spacex’s ability to land rockets in 2016 and he predicted a 70% success rate for the year.

If all goes as planned, Spacex will achieve a launch rate of once every two to three weeks, according to a recent comment from SpaceX president Gwynne Shotwell.

Spacex is transforming its rocket factory. It is going from building six or eight rockets cores a year to about 18 cores a year. By the end of 2016 Spacex should be at over 30 cores per year.

Beyond ramping up production of its Falcon 9 at the company’s factory, SpaceX is increasingly focused on preparing its Falcon Heavy. The more powerful rocket is slated for its first launch during 2016.

SOURCE- Motley Fool, Spacex