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Kistler Aerospace Corporation is designing and developing the K-1, the world''s first fully reusable aerospace vehicle to deliver satellites into orbit. The K-1 vehicle test program will be conducted in Woomera, Australia, with commercial operations scheduled to begin shortly afterwards. Both stages of the K-1 will return to the launch site utilizing parachutes and airbags for a soft landing within 24 h after launch. The turnaround flow of the two stages will cycle from landing site to a maintenance/refurbishment facility and through the next launch in only 9 days. Payload processing will occur in a separate facility in parallel with recovery and refurbishment operations. The vehicle design and on-board checkout capability of the avionics system eliminates the need for an abundance of ground checkout equipment. Payload integration, vehicle assembly, and K-1 transport to the launch pad will be performed horizontally, simplifying processing and reducing infrastructure requirements. This simple, innovative, and cost-effective approach will allow Kistler to offer its customers flexible, low-cost, and on-demand launch services. [Copyright &y& Elsevier]