Former Paypal creator Elon Musk launched a private rocket from the Marshall Islands, and it had a successful launch and did enter space, although it was lost once it started wobbling short of it's intended full ascent, it has still surpassed many of the most difficult hurdles for the private space market. These companies are going to in short order get the problems solved soon, and when they do they are going to be extremely profitable in getting goods and satellites into space. What for IPO's on some of these companies!
Check out their cool website
NY Times Article
http://www.nytimes.com/2007/03/20/us/21rocket.html?_r=1&oref=slogin
Note, that NY Times is so negative on everything, they give the article a negative spin. If the ship had reached and maintained orbit. The article, would have been titled, "Private Space Companies still face Challenges"
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