A reusable launch vehicle (RLV) is designed for multiple missions, taking off vertically and gliding back down, aiming to reduce space travel costs significantly. Serious development began in the 1990s, with advancements such as SpaceX's Falcon 9 and Blue Origin's New Shepard exemplifying current efforts in reusability. The advantages of RLVs include lower costs, increased mission frequency, and the capability to support various space missions, despite the initial high development expenses.