Elon Musk has recently announced that his space-faring company SpaceX plans to recommence all flights by November this year after it experienced a disastrous launch explosion which destroyed its Falcon 9 rocket along with its Israeli communications satellite cargo.

SpaceX suspended all of its Falcon 9 flights as it is currently undergoing investigation on the causes that led to the destruction of its Falcon 9 rocket. The rocket exploded on its launch pad on Sept. 1 while being fueled during a prelaunch test at Cape Canaveral Air Force Station in Florida, according to Fortune.

The Verge reported that Gwynne Shotwell, president of SpaceX, spoke to a satellite industry conference in Paris, saying, "We're anticipating getting back to flight, being down for about three months, and getting back to flight in November."

Shotwell also mentioned that the planned three-month turnaround was "the most optimistic scenario" for SpaceX.

According to Fortune, the SpaceX head did not give details on parts of the rocket that are being repaired but assured investors that the Space company will fly the skies again by November.

The company also has not given information on the cost of the Falcon 9's explosion which damaged the launch pad and ground support equipment. The accident also obliterated the $200 million worth of Israel's Space Communication satellite which was funded by Facebook to provide internet connection in the African continent.

SpaceX announced in the past that it had nearly-completed a second launch pad site in Florida, located at NASA's Kennedy Space Center (KSC), and which would be finished by November. The pad was last used five years ago to launch NASA's space shuttles.

Tom Engler, NASA's Kennedy Space Center (KSC) deputy director of Center Planning and Development told Reuters: "We're confident that SpaceX will understand and recover from what happened. From our perspective, (the accident) changed nothing as far as our planning and implementation activities are concerned."