Some dude is jumping from 120,000 feet (approx. 22.7 miles).
He's on his way up now, almost at 20,000 feet. Still got a while to go before he gets to 120,000.
It's live on the Discovery Channel and on http://www.redbullstratos.com/live/
There is some kind of point/mission to this jump, no clue what it actually is though.