“Although Honda rocket research is still in the fundamental research phase, and no decisions have been made regarding commercialization of these rocket technologies, Honda will continue making progress in the fundamental research with a technology development goal of realizing technological capability to enable a suborbital launch by 2029.”
Honda’s test rocket went up 271 meters and landed 37 cm from its target. Honda’s own definition of reusable means reaching about 100 km. The goal is a suborbital launch by 2029, and nobody has decided to commercialize anything. It is a good landing. It is a hop.