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Martin Jetpack hits the 5,000 feet milestone, could come to market within 18 months (video)

OK, so the Martin Jetpack may not have gone into commercial production quite as soon as we'd anticipated, but there's still hope on the horizon. Over the weekend, Glenn Martin's flying machine successfully climbed some 5,000 feet above sea level, marking a new milestone in the 30-year, $12 million project. Remotely controlled by a tailing helicopter, the 250-pound craft used its two "superfans" to power itself skyward at about 800 feet per  second  minute, before safely parachuting back to Earth from a height of about 3,000 feet. As with its last test run, however, the Martin Jetpack was equipped not with a human being, but with a crash dummy. It may have been for the best, though, considering that the machine sustained some damage upon concluding the ten-minute flight. Nevertheless, Martin seems confident that yesterday's test "brings the future another step closer," and is hoping to deliver his brainchild to customers within the next 18 months -- ...

Martin Jetpack flies again, sees IPO on horizon but no commercial sales yet (video)

We were all aflutter this time last year when it was announced that the Martin Jetpack was finally available commercially and would be heading out to eager buyers in exchange for $86,000. Regrettably, the time since then hasn't been filled with bunches of happy new owners levitating on the power of their dual-fan-equipped Jetpack and even less encouragement can be found on the product's website, which still says that sales to private individuals will begin only once "development and refinement" of the vehicle is complete. To that end, we've got video of the Jetpack's latest test, which shows it elevating as high as it's ever done, but even that's tinged by the fact it's carrying a testing dummy and is remotely controlled by a grounded human below. Ah well, at least the company itself seems to be in good shape still and is looking forward to floating about 30 percent of its value on the local stock market in order to gain extra funding....