Honda succeeded in a launch and landing test of its prototype reusable rocket on Tuesday, the Japanese company said in a surprise announcement, marking a milestone towards its 2029 goal of achieving a suborbital spaceflight.

Honda says its first reusable rocket launch was successful as the Japan's second-biggest automaker marked a key milestone to create its space wing by 2029.

Honda Motor Co. (NYSE:HMC) completed a successful vertical launch and landing of its experimental reusable rocket in Hokkaido, marking the first such private Japanese demonstration of takeoff-and-touchdown technology.