--- description: Billionaire Elon Musk revealed Thursday a new state-of-the-art spacecraft that will carry NASA astronauts to and from the ISS. title: SpaceX Unveils Next Generation Dragon Spacecraft image: https://static.time.com/v3/assets/bltea6093859af6183b/blt611c6b2e3b0da957/69869583810bbb7da3c91f49/spacex-elon-musk.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [Tech](/tag/time-section-tech/) ## Tech Update your preferences in [Account Settings](/account/preferences/) Close # SpaceX Unveils Next Generation Spacecraft by [TIME Video](/author/time-video/) ## TIME Video Update your preferences in [Account Settings](/account/preferences/) Close May 30, 2014 4:38 PM CUT  CEO & Chief Designer Elon Musk unveils the new SpaceX's Dragon V2 spacecraft at SapceX HQ in Hawthorne, Calif. on May 29, 2014. CEO & Chief Designer Elon Musk unveils the new SpaceX's Dragon V2 spacecraft at SapceX HQ in Hawthorne, Calif. on May 29, 2014.Gene Blevins—LA DailyNews/Corbis by [TIME Video](/author/time-video/) ## TIME Video Update your preferences in [Account Settings](/account/preferences/) Close May 30, 2014 4:38 PM CUT Billionaire Elon Musk revealed Thursday a new state-of-the-art spacecraft that will carry NASA astronauts to and from the International Space Station. “SpaceX’s new Dragon V2 spacecraft is a next generation spacecraft designed to carry astronauts into space,” [said SpaceX in an official statement.](http://www.universetoday.com/111534/spacex-ceo-elon-musk-to-unveil-manned-dragon-space-taxi-on-may-29/ "undefined") NASA has been relying on Russian spacecraft to get American astronauts to and from the space station since the agency retired its shuttle fleet in 2011\. Russian flights, however, come at a hefty price: [more than $70 million](http://www.cbsnews.com/news/spacex-dragon-version-2-elon-musk-future-of-nasa-space-travel/ "undefined") per seat. SpaceX hopes that its latest project, Dragon V2, will be the first commercial crew capsule to carry U.S. and partner astronauts to and from the space station, limiting American reliance on Russia. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/2799973/spacex-unveils-next-generation-spacecraft/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/2799973/spacex-unveils-next-generation-spacecraft/"},"headline":"SpaceX Unveils Next Generation Spacecraft","datePublished":"2014-05-30T16:38:38.000Z","dateModified":"2026-04-13T08:02:22.045Z","description":"Elon Musk's bid to build NASA's new space taxi","url":"https://time.com/2799973/spacex-unveils-next-generation-spacecraft/","keywords":["Tech","Space","Elon Musk","SpaceX"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt611c6b2e3b0da957/69869583810bbb7da3c91f49/spacex-elon-musk.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Video","jobTitle":null,"url":"https://time.com/author/time-video/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt611c6b2e3b0da957/69869583810bbb7da3c91f49/spacex-elon-musk.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"SpaceX Dragon 2","caption":"SpaceX Dragon 2","creditText":"Gene Blevins—LA DailyNews/Corbis","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/time-section-tech/","name":"Tech"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/2799973/spacex-unveils-next-generation-spacecraft/","name":"SpaceX Unveils Next Generation Spacecraft"}}]}] ```