A video still shows SpaceX's Starship starting its launch to space. The behemoth mega-rocket is engulfed in smoke in flames as it takes off.
SpaceX's Starship flew to space for the first time on March 14, 2024.
  • With its recent Starship mission, SpaceX is poised to cut launch costs 10-fold, said an expert 
  • The firm flew its flagship mega-rocket to space without exploding on Thursday for the first time. 
  • Bringing down launch costs is crucial to open up space to industry. 

SpaceX's Starship launch on Thursday didn't only look cool. It may have marked a major turning point for the space industry.