CNN says they’re coming back down, and suggests that the rocket didn’t fire exactly right, and they may not have made the altitude. No real details yet. Dick Rutan thinks they made it, but he’s just guessing.
Update: CNN’s reporting that they made it to 100km.
Update: Newsweek says that they made it to 328,491 feet, which is 408 feet higher then they needed to go. They also have some hints about Rutan’s new “346” project. Hurry up, guys–we’re all waiting for SpaceShip Two. My big question is if they’ll go straight for orbit, or if they’ll take smaller steps. Today’s flight only took them half as high as Freedom 7.