Alan Boyle has an interesting report from New Mexico:

The “giggle factor” that often dogged the space tourism industry in the pre-SpaceShipOne era is gone forever. “Now the idea of personal spaceflight can come out of the closet,” Michael Kelly, vice president of the X Prize Foundation, told an audience of more than 200 at New Mexico State University here.

Jeff Greason explains the importance of these kinds of events, and the suborbital industry, despite the foolish naysayers who think it has nothing to do with orbit:

“We don’t know how to make spaceships that can fly a couple of times a day, every day for years,” he said. “We don’t know how to fly so safely and so reliably that we can fly people as a business. We don’t know how to make money yet. … If we’re ever going to free ourselves from the kinds of fits and starts, one spurt of energy per generation, little incremental bits of progress that characterize government funding in space, we’ve got to start making a profit. And we don’t know how to do that yet. We don’t know any of those things. But we think we have pretty good ideas about how to solve them, and we aren’t the only ones.”

He also had some good news:

“We are off the back burner [with the Xerus project], but we don’t have enough money that I can confidently say we can finish working on the vehicle,” Greason told MSNBC.com.

Other interesting news:

Tai told the audience of rocket entrepreneurs and enthusiasts at Thursday’s symposium that Virgin Galactic wasn’t necessarily locked into using SpaceShipOne design exclusively, just as the Virgin Atlantic airline isn’t locked into using a specific kind of airplane.

“We want to partner with all of the people in this industry. … If you have a better spaceship than Burt Rutan, then Virgin Galactic wants to operate that spaceship,” Tai said.

In other words, they want to be a spaceline.