Rocket Lab is about to recover a used rocket booster for the first time. Watch the company launch its SpaceX-inspired mission live online.

Summary List PlacementUpdate (9:34 p.m. ET): Rocket Lab says it successfully parachuted the Electron rocket’s booster into the Pacific Ocean and is recovering the hardware. SpaceX is famous for recovering and reusing its colossal Falcon 9 rocket boosters, each time saving more than $10 million. However, the Elon Musk-founded company is about to have some…

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