Private space race warming up?

Last week Bigelow Aerospace successfully tested an inflatable spacecraft some 320 miles above the earth and sent images back to Earth (more). In the future it is hoped that such a spacecraft could become a new space station, hotel, or even a sports arena. Now, UP Aerospace is almost set to begin launching its series of suborbital rockets into space from New Mexico's new spaceport. While both are small steps, it is good to see that new developments in the private space race keep occurring.