There's no doubt that the future of this country's space exploration lies in the hands of the private sector. And Elon Musk's SpaceX is clearly at the forefront and the company's reusable rocket, the Grasshopper, is a sight to see. In a recent test, the Grasshopper vertically took off, ascended to roughly 12 stories, hovered for a bit and then landed safely. Of course it's meant to go much, much higher but progress is progress.
Here's a multi-angle shot of the same test. [SpaceX]