Felix Baumgartner begins preparations for jump from over 120,000 feet (LIVE BLOG)

By Emi Kolawole

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2:02 p.m.: The inside cabin pressure continues to drop as Baumgartner prepares for his eventual exit. The door will open once the pressure in the capsule reaches that of the minimal air pressure outside the cabin.

1:57 p.m.: “Okay, we’re getting serious now, Felix,” says Kittinger as he instructs Baumgartner to depressurize the capsule. A loud hiss of air can be heard.

1:55 p.m.: Baumgartner is adjusting air supply valves and moving consoles in preparation to jump. He has just moved his seat “to the forward position.” The balloon is holding at about 127,800 ft.