The 2 stage rocket is designed to compete with all current operators of satellite launch platforms and be 10 times cheaper than them. There is not so much emphasis on bringing people into space, making this probably commercially more viable. Their first launch was a flop, so they were happy that this launch lasted untill 200 miles (in around 4.5 minutes!) before telemetry data was cut off due to osscilations at altitude. They expect this problem to be easily solvable and SpaceX was happy enough with the 95% successful flight. YouTube has the videos.