Abstract: A toy projectile comprising an upper stage having a segmented, tubular rocket-simulating body in which segments or vanes are hinged and formed to provide a rocket vehicle-like configuration in the closed condition and, upon opening, provide radially disposed air foil members which operate in the manner of an autogyro or helicopter to provide gyro rotation of the vehicle for slow descent after it has reached its apogee. The lower stage comprises a tube which is slidably and frictionally receivable within a lower adaptor portion on the upper stage so as to removably mount the lower stage on the upper stage. A solid grain propellant engine, including a thrust charge, delay and separation charge, is mounted in the tube of the lower stage. The lower stage serves to retain the segments or vanes in a closed condition before separation of the upper and lower stages by the separation charge within the lower stage.