Privately funded Space Flight

Did everyone hear or see the news of the first privately funded space flight today? Things like this show the ingenuity and resourcefulness of the American people.Spaceship One pilot Mike Melvill was aiming to fly 62 miles above the Earth's surface and he just exceeded that goal, reaching 62.21 miles, according to radar data.At first I thought the story was a hoax,but then I saw the actual footage when I got home from work today.Truly amazing.Here is the link