"A rocket ship financed by Microsoft co-founder Paul Allen is expected to attempt reaching suborbital space on June 21 in Mojave, Calif. If successful, it would be the first private spaceship to leave the earth's atmosphere," reports the Seattle Times.
"The rocket, called SpaceShipOne, was designed and built by Scaled Composites, a Mojave company founded by Burt Rutan. Rutan, the team leader for the project, became famous for building a privately funded airplane that in 1986 made the first flight around the world without refueling."