An anonymous reader writes, "Three engineering students from Cambridge University plan to send an unmanned craft into space for £1,000 ($1,880) and have just sent a test mission up 32 km for a lot less. Their snaps from the upper atmosphere are impressive, and were taken by a balloon equipped with off-the-shelf technology including GSM text messaging, radio communications, and an ordinary 5-megapixel camera. They now plan to use a similar craft as a launching stage to get a cheap rocket into space." There's also a video of the balloon launch.
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