Yep, it’s a suborbital spaceship. Check out my story on the unveiling of XCOR‘s new Lynx spacecraft, along with embedded video, on popsci.com.
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Did they actually build the ship, or is it still CGI?
As far as I know, the ship is still mostly in the design phase, but important elements have been constructed and tested, including pumps and the rocket engine technology, if not the flight engines themselves.