SpaceX, which was founded by entrepreneur Elon Musk, who is also the product architect of Tesla, chose to the keep the propellants on the rocket at super-cold temperatures to shrink its size and allow more tanks.
Moreover, SpaceX is planning to take astronauts to the ISS for the first time later this year aboard a Block 5 Falcon 9.
"Targeting Falcon 9 Block 5 launch of Bangabandhu Satellite-1 on May 10 from Pad 39A in Florida", tweeted Musk's space company on Monday.
While tomorrow's SpaceX launch will be a routine satellite mission, it won't be using an ordinary rocket.
The latest changes to the Falcon 9 have been mainly driven by the need to meet NASA's requirements for its Commercial Crew Program.
Editor's note: This story was updated at 5:10 p.m. EDT to include the targeted launch date of May 10.
Along with helping SpaceX streamline launch operations, the block 5 booster eventually will be used to launch astronauts to the International Space Station as well as high-priority national security payloads for the Pentagon.
The almost 8,000-pound satellite, known as Bangabandhu-1, is created to have a lifespan of 18 years and will deliver communications services to Asia.
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The two-stage Block 5 Falcon 9 is created to take reusability to new heights.
While the Falcon 9 is created to be reusable, none of the previous rockets have been launched more than twice so far.
"Block 5 is designed for 10 or more flights with very limited refurbishment but should be capable of additional flights with further testing and possible additional refurbishment", SpaceX President Gwynne Shotwell told Aviation Week and Space Technology magazine. "It's a reliability upgrade that combines reliability and reusability".
Later, SpaceX released a statement claiming the explosion was caused by a pressure vessel holding cold helium rupturing. While no one was injured, the multimillion-dollar satellite was destroyed.
The redesigned tanks are meant to eliminate the risk of the rocket blowing up again. The legs had to be removed in previous versions of the rocket before a recovered booster could be hauled away for post-flight processing.
The issue of SpaceX's fueling techniques was brought to the forefront when one of their Falcon9 rockets exploded in September 2016 during the fueling stage.
All of the parts of the Block 5 Falcon 9 are optimized for turnaround time.