A rocket launching system is provided for being able to repeatedly launch a toy rocket. The rocket launching system has a launch base with a pressure chamber. The pressure chamber has an inlet and an outlet. A launch tube is connected to the launch base adjacent the outlet of the pressure chamber. A rocket slidingly engages the launch tube for launching therefrom. A carrier is provided for supporting a pressurized gas container. A carrier transfer mechanism is provided to move the carrier from a first position to a second position to place the pressurized gas container in fluid communication with the pressure chamber. A vent pin engages the pressurized gas container connected to the carrier when the carrier is in the second position to release the pressurized gas into the pressure chamber.