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WATCH: Rocket hovers like helicopter

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(CNN) -- Check out this video released late Sunday of a rocket that hovers like a helicopter.

SpaceX recently launched a test flight of its "Grasshopper" rocket.

After launch, it hovers in the air -- and lands vertically and very softly instead of breaking up.

The company said the rocket has the potential to change space flight, and save money since the rocket is reusable.

SpaceX has done previous Grasshopper test flights, but this one was much higher and lasted longer.

Earlier this year, the private space flight company carried cargo to the International Space Station.