T+0:08:21 Falcon 1 reached orbital velocity, 5200 m/s
Nominal Second stage cut off (SECO) - Falcon 1 has made history as the first privately developed liquid fueled launch vehicle to achieve earth orbit!!!!!!
Needless to say, after the trials and tribulations SpaceX has gone through (including the loss of Star Trek star James Doohan's ashes), this must be welcome relief... as well as the birth of a potentially lucrative new enterprise. Er, no pun intended.
[Via Slashdot; Thanks, Kenneth]