The latest update on the space transport services corporation, SpaceX, suggested that it will be back in action by the end of the year after the massive explosion in September. Reports claimed that company officials are hoping to soon repair the payment processing facility at Cape Canaveral, which encountered damage during the Falcon 9 explosion.

According to the SpaceX's president Gwynne Shotwell, the organization is trying to recover from the incurred damages at the earliest.

"We're going to have to try and get that up and running as quickly as we can so we can get back to flying," said Shotwell, as reported by Space News. "It's a shame that, basically, the ability to process the payload in that building might keep us grounded for a little bit longer than we had hoped. Hopefully, we'll recover from this and be back flying a couple times this year."

However, Shotwell did not quote any particular timeframe about when the company will start its actual operations.

As far as the details of the SpaceX explosion is concerned, Spaceflightnow reported that the outburst in the Falcon 9 booster and the Israeli Amos 6 communications satellite happened due to a large rupture in the helium pressurization system inside the liquid oxygen tank during the Falcon 9 rocket's second stage. The president stated that leakage in the rocket's engine is expected to be mainly because of a business process issue.

Furthermore, according to SpaceX Spokesperson John Taylor, the Hurricane Matthew damaged the exterior of the company's payload processing facility at the Space Launch Complex 40 at Cape Canaveral Air Force Station. However, there was no damage caused to the nearest launch pad codenamed as 39A.

Reports suggested that the company will require more time to refurbish the Complex 40 launch pad, after which it will be ready to carry out the company's future launch operations. However, there is no official word as of now on the required timeframe.

Keep posted here for more details and updates on SpaceX.