"Yesterday, entrepreneur Elon Musk sauntered on to stage and unveiled his latest product: not a smart phone, but a spaceship."

"The Dragon V2, as it's called, looks like a giant shuttlecock with feet. It's set to be the first all-new U.S. spacecraft to take astronauts into orbit since the Space Shuttle took flight in 1981."

"The new vehicle is a major upgrade to the Dragon capsule, which Musk's company SpaceX uses to carry cargo on resupply missions to the International Space Station. Dragon V2 is outfitted with the company's SuperDraco engines, which will allow it to slow its re-entry, hover and set down with pinpoint precision."