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The Falcon Heavy is a planned heavy-lift configuration using a cluster of three Falcon 9 first stage cores with a total 27 uprated Merlin 1D engines and propellant cross-feed. SpaceX is aiming for the first demo flight of the Falcon Heavy in 2013.
SpaceX anticipates a Falcon Heavy demonstration rocket will arrive at Vandenberg AFB, California, in 2012, with a launch planned for 2013. The first launch from the Cape Canaveral launch complex is planned for 2013 or 2014. Cost of reaching low Earth orbit can be as low as 1000 USD/pound, if an annual rate of four launches can be sustained. SpaceX plans to launch 10 Falcon Heavy and 10 Falcon 9 annually.
Falcon Heavy can be used to send a crewed Dragon spacecraft on lunar orbiting missions – such as the Apollo 8 mission; or be used to send a modified unpiloted Dragon on a Mars landing mission. Musk has stated that his intention for the company is to help in the creation of a permanent human presence on Mars.