That is no typo, Felix Baumgartner plans to break the record for the worlds highest jump which has stood for five decades jumping from 120,000 feet with little more that a parachute and a prayer (and a body suit or else he would die long before he jumped). The reason; just to see what will happen. The research could help in developing orbital escape pods. There is little debate that if he makes the jump he will set a number of records, but there is one minor debate. Joe Kittinger, the current record holder, is thought by some to have broken the sound barrier during one of his jumps, but most of the source I found say that he never hit mach one.
Video embedded below. (via)