Students launch a hypersonic rocket 93 miles up

The article is short on details, but 8 students from the US Military Academy's Space Engineering and Applied Research (SPEAR) program created a two-stage rocket that was launched at a speed greater than that of sound, to achieve an objective of reaching the highest point ever from a non-commercial rocket. 

And they successfully recovered it once it returned to earth. Which means that payloads can be sent into high orbits at relatively low cost, and those payloads can be recovered. 

Think of it as any of the commercial ventures, but with other purposes in mind, as it is a military application after all. 

https://www.sustainability-times.com/in-depth/these-american-students-just-rewrote-aerospace-history-this-93-mile-hypersonic-rocket-launch-stunned-nasa-and-the-pentagon/