With traditional launch systems, the bulk of the weight and resources goes to filling a tube with explosives. Naturally, that's quite wasteful, so the proposed vehicle would ditch almost all of its on-board power systems. Instead, it would receive energy from a series of ground-based microwave emitters which pump power right into a collector based in the plane's heat shield. That energy would then be used to drive an electromagnetic motor that ignites superheats a small quantity of on-board fuel (hydrogen or helium, for instance) that's then ejected as thrust to get into orbit.

The company claims that the engine running on helium was able to achieve a Specific Impulse (the equivalent of MP/H for a rocket) of 500 seconds. By comparison, Escape Dynamics says that your average chemical rocket tops out at 460, and if the test vehicle had been running hydrogen, that figure could rise to 600 Isp. That could prove to be a big breakthrough for the private spaceflight industry, assuming that these results can be replicated outside of the lab.

As Gizmodo notes, however, the idea is a little bit pie-in-the-sky, since the company would have to build a global network of microwave emitters to keep the craft aloft. Then there's the various environmental and energy considerations that such a system would have to deal with, not to mention the political aspect. Still, if ED can, somehow, create a dirt-cheap reusable spaceplane that'll do away with expensive rockets, we imagine plenty of people would get behind the idea.