SpaceX Grasshopper Rocket Performs Highest Leap Yet In Amazing Video

WATCH: Incredible Drone Footage Of Grasshopper Rocket

We're not sure what's the most impressive thing about this clip.

Is it SpaceX's amazing reuasable Grasshopper rocket flying 744 metres into the air and then landing perfectly?

Or is it the utterly incredible footage of the feat captured by a Hexacopter drone?

The private space company's Grasshopper rocket is designed to blast into the upper atmosphere, and then slowly descend making a perfect landing back at its original position.

The experimental idea could see the cost of launching payloads into space fall dramatically, as the rocket would not be lost after takeoff. It is made mostly from Falcon 9 rocket parts and a Merlin engine.

SpaceX - who are currently fulfilling a $1.6 billion contract with Nasa to resupply the International Space Station - hope it could kickstart a new era in space travel where rockets land safely and are reused instead of burning up on re-entry.

The result could be a 10 to 100-times reduction in the cost of space travel, according to SpaceX CEO Elon Musk.

Space X said previously:

"While most rockets are designed to burn up on atmosphere reentry, SpaceX rockets are being designed not only to withstand reentry, but also to return to the launch pad for a vertical landing. The Grasshopper VTVL vehicle represents a critical step towards this goal."