SpaceX's Falcon 9 Rocket bound for the International Space Station (ISS) unfortunately exploded soon after the liftoff on Sunday, June 28. It was a big setback for the private space exploration company which NASA has hired for unmanned missions to send supplies to the ISS.

SpaceX was still making efforts last week to collect debris from the rocket. NASA is currently looking for other options to send supplies to the space station.

Most analysts believe that SpaceX will make a strong comeback by quickly learning what led to the Falcon 9 explosion and fixing it to launch more Falcon 9s from Cape Canaveral sometime this year.

Marco Caceres, a senior space analyst at the Teal Group, a Virginia-based aerospace research firm, said chances are high for a three- or four-month lag in SpaceX launches.

SpaceX has made 18 consecutive successful launches using its Falcon 9 since 2010. Last week brought the first failure for its Falcon 9 rocket. "Eighteen out of 19 is pretty good. These failures do happen. If it was a brand-new vehicle and you had this, you'd be concerned, because you'd be thinking maybe it's a design flaw. But after 18 flights, this vehicle is fine", said Caceres.

Five Falcon 9 rockets have already been launched by SpaceX this year. The company has also been contracted for 36 more Falcon 9 rockets and five of its next-generation rocket, the Falcon Heavy.

The Falcon 9 rocket explosion may make it possible for SpaceX to get access to more Russian-made RD-180 engines for its Atlas V rockets.