We were concerned when we heard that the Bloodhound SSC, the world's fastest land vehicle, was put on hold during a time of financial stress. But not only is it back to life, it's preparing for another high-speed test later this year.

Now known as the Bloodhound LSR, the rocket-powered vehicle will be doing test runs this fall at Hakskeen Pan in South Africa. The team will test how the vehicle operates between 300 and 500 miles per hour along the 12 mile track. According to the team, these speeds are where the aerodynamics control the vehicle more than the steering does. There's a small gap in speed where the wheel grip will lose traction before the aerodynamics will take over, and they need to be able to handle that issue.

Alongside the speed tests, the team will also practice the full process for when they attempt to break the world land speed record. The vehicle is supposedly capable of 1,000 miles per hour, which will beat the previous record of 763 mph.

The Bloodhound team has a rich and varied history. They're the same bunch that worked on the Thrust SSC, which is the last vehicle to break the land speed record in 1997. They announced financial troubles last year, putting the project on hold. Eventually they were funded by Grafton LSR, changing the vehicle name to the Bloodhound LSR.

We wish the Bloodhound team the best of luck in breaking the world land speed record. It's an incredible feat.