On Thursday, May 29, 2014, SpaceX CEO Elon Musk will reveal Dragon V2 – SpaceX’s next generation spacecraft designed to carry astronauts to space. The Unveil will be covered LIVE here beginning at 10:00 p.m. EST.

“Cover drops on May 29. Actual flight design hardware of crew Dragon, not a mockup,” the billionaire business magnate tweeted on April 29.

Dragon v2

Event details:

WHO: Elon Musk, CEO & Chief Designer, SpaceX

WHAT: Mr. Musk will introduce SpaceX’s new Dragon V2 spacecraft, a next generation spacecraft designed to carry astronauts into space.

WHERE: SpaceX, 1 Rocket Road, Hawthorne, CA, 90250. Limited parking is available in the parking lot on Crenshaw Blvd directly across the street from SpaceX. Upon arrival, please cross Crenshaw and walk to a registration tent set up outside the SpaceX headquarters.

WHEN: Thursday, May 29. Check in begins at 6:00 p.m. PT; event begins at 7:00 p.m. PT.

Live coverage of SpaceX’s Dragon V2 unveiling:

Coverage starts here all times are in EST (besides the PT above).

9:48PM: Music in the background and pictures of stars as the SpaceX event is starting to get underway.

10:01: Still just music no word on the SpaceX Dragon V2, but its only slightly late at this point. Stay tuned…

10:10: Still no word, but just music and pictures of stars, I guess patience is required for space travel.

10:22 After a long delay finally some action. It looks like the launch is starting very shortly, here we go. Applause on the ground

10:27 Elon Musk is now talking right next to the Dragon V2 – He is talking about how the rocket works, parachutes to land, life support (but not a long one); He says it will be able to land anywhere on land and carry seven people; Elon Musk calls it a big leaf forward and starts with a countdown to launch!

10:32 Check out a recent pic of the rocket below

Musk shows a video of what the Dragon V2 should look like while in flight in space. It does look pretty cool if I must say myself.

Elon Musk says this is how a 21st space ship should land after he shows the video. Elon Musk brags that the spaceship also has a method to allow it to dock easily at the space station. He talks about various improvements in V2 (the current version) from Dragon V1 (the prior version); The Dragon V2 can even function after 2 engines are lost; Musk returns to landing and notes how important the landing is; He says that the rocket can land get refueled and take off quickly again, which will make space travel a reality; Without the ability to land, a lot of resources get wasted on each spaceship.

You can watch the live streaming of the event by SpaceX here: