This is awesome, and nothing in this comment is meant to take away from that awesome, only to contextualize it. Getting above the Karman Line (100km above sea level) and getting into orbit are dramatically different problems. In case the name "Copenhagen Suborbitals" didn't make it clear, they're shooting for the former. For an amusingly-illustrated take on this, see the recent http://what-if.xkcd.com/58/ As another…
http://what-if.xkcd.com/58/ This xkcd explains this really well. At orbital height, Earth's gravity's pull is still a full 90% of what we experience on the surface. Orbiting objects "dodge" this fall by going really fucking fast . I think I saw a comparison once that it takes about 15~20X more energy to attain orbit speed as it does to attain orbital height.
If so that would be cheap space access right there.