No splash down. The craft shown was created using guidelines for what was known as the "XPrize". The contest was to reward the creator of a civilian craft that could reach 100km(62mi) above sea level, return to a landing site, and be made ready for, and be launched again, within (I think) 24 hours. This is the reason why this is so revolutionary and ground breaking. When the "Age of Discovery" was going on, nations competed to try to map the world and therefor lay claim to the spice wealth of the world (spices were more valuable than gold at the time). This was a military endeavor. Then, private corporations sprung up to capitalize on these newly discovered spice producing locations. This was what drove the colonization and use of these areas. My question is this: Except for satellites and tourism, what is going to be the economic drive behind any company capitalizing on civilian access to space? What will be this era's "spice"? Right now it's like a European country in the 1300's developing transatlantic capabilities before knowing what was across the Atlantic.
"I'd rather die on my feet than to live on my knees." E. Zapata