This looks interesting, and if all goes to plan it could be a MUCH cheaper way of getting sats into orbit - IE AMSATs.
"An Australian project to create a reusable vehicle to launch small satellites is a step closer after flying a small-scale test model in Brisbane.
The project aims to improve the economics of launching small satellites by returning and then reusing the first stage rocket engines, which account for “at least 50 percent of the cost” of a launch vehicle, Heliaq said in a statement."
Read the full article here:
http://www.itnews.com.au/news/start-ups ... ane-413258