Comment Costs/Point (Score 3, Insightful) 257
I actually worked in the same lab as these guys, so here's my input:
The reason that this was an important launch was not the photos, although those are cool, but to test the electronics of the tracker devices they'dd designed and built.
If you read their website at http://www.cuspaceflight.co.uk/ you'll see the other projects - the rocket to space, but also a controllable parachute that can descend to within 100m of a given location.
All fairly impressive stuff, given that they've only jsut finished their 1st year of study.
As for costs - only a couple of hundred pounds...