In the aftermath of the wild chase on Thursday to catch a silvery helium balloon that was believed to possibly be carrying a small child -- and which ended when the boy was found alive hiding in his home -- some are speculating on the exact nature of the flying vehicle and whether the balloon qualified as an experimental aircraft. The builder of the balloon said it was in the early stages of development and called it a low-altitude vehicle designed for people to "pull out of their garage and hover above traffic for about 50 to 100 feet." But Dick Knapinski of the Experimental Aircraft Association said an aircraft of that sort would need to be registered with the FAA, inspected and given markings showing its identity.

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