Dec 31, 2016 04:17 AM EST By Jane Reed, UniversityHerald Reporter

It has been both a triumphant and explosive year for Elon Musk and SpaceX. Over $60 million was spent to create a rocket that would deliver a $200 million payload. It was a successful idea until it exploded on the launch pad.

But SpaceX and Elon Musk's team were able to land four rockets after after sending out satellites in space to get them to orbit around the Earth.

All in all, 2016 was a bad and good year for SpaceX and Elon Musk, as reported by Wired. Elon Musk's vision to create a better future for the world stems from the opportunities he sees to make space a mass market commodity.

He is seeing Mars as a future residence for many humans. That and it is going to require people to shell out $200,000 for tickets. The amount of $200,000 may be a huge amount already but it is nothing compared to the cost of sending a person into space which means millions if not almost a billion.

And that is slowly becoming a reality after SpaceX was able to launch for rockets and landing four rockets successfully. And being a businessman, Elon Musk is going to start selling launches on used rockets at a 10 percent discount which will save the company millions because they do not need to build new boosters.

Elon Musk's vision includes a sustainable future using affordable materials as well as reusable. So everybody is going to see reusable rockets when they set off to Mars. Although SpaceX has always worked on ambitious deadlines, it has not yet failed in meeting its goals.

SpaceX and Elon Musk continues to innovate despite the explosive Falcon 9. After making his Mars announcement, the tech mogul and the innovative company continues to push on despite the delays and set backs. Did anyone think that the Falcon 9 explosion would suppress SpaceX's success? Not exactly, the company still has an $83 million contract with the United States Air Force and 70 planned missions in the next few years.

Check out the makings of Falcon 9 below:

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit