The payload of the launch is the Bangabandhu Satellite-1, Bangladesh's first geostationary communications satellite.
The new "Block 5" Falcon 9 rocket took off from NASA's Kennedy Space Center (KSC) in Florida at 4:14 p.m. EDT (20:14 GMT) and performed a ideal satellite launch that erased the memory of yesterday afternoon's boggled attempt.
His daughter Sheikh Hasina is the incumbent Prime Minister of Bangladesh.
Thousands of people across the world witnessed the launching, which was telecasted by different television channels and was webcasted by the SpaceX.
The satellite will also provide broadband connectivity to rural areas throughout the country. With this launching, we've hoisted the Bangladesh flag in space.
Heralded as the most advanced iteration of the rocket yet, this ought to be SpaceX's final version - most impressively, the Block 5 should allow SpaceX to complete more than two flights with the same Falcon 9 booster, which could help cut down on costs, as well as the time required between launches.
The launch came a day after the original countdown was halted one minute before blast-off due to a technical problem detected by the rocket's onboard computers.
Falcon 9 is scheduled to be certified by NASA for launching human beings. The first is the Launch and Early Orbit Phase (LEOP), and the second phase is Satellite in Orbit. Besides missions to the space station, the new rocket will be used to launch U.S. Air Force global positioning satellites and other high-value, military and national security payloads.
The government took the Bangabandhu-I project in May 2015 and assigned the Thales Alenia by signing a $248- million deal in November same year.
"I would like to thank Thales Alenia, the satellite manufacturing company of France, for building the Bangabandhu Satellite-1, and Space-X, the USA, which were responsible for launching the Bangabandhu Satellite-1".
Finally, the satellite will be controlled and maintained from ground stations in Bangladesh.
The satellite will offer video services for Direct-to-Home (DTH), e-learning, tele-medicine, family planning, and farming while voice service to cellular backhaul and disaster recovery, and data service for internet, SCADA, SOHO as well as business-to-business (VSAT).