Altitude appears to be easily enough to win $10 million X Prize
MOJAVE, Calif. - SpaceShipOne soared to a record 368,000 feet early Monday, easily surpassing the altitude required to win the $10 million Ansari X Prize for private spaceflight.
The rocket engine burned for 84 seconds before shutting down as planned. SpaceShipOne's wings then folded into a self-stabilizing, high-drag configuration for what Rutan calls a "carefree re-entry," then folded back into a glider configuration for the final phase of flight.
Full Story: MSNBC.com