"There no spacecraft that you can ride for $200,000 . If your talking about virgin galactic then your wrong. Its not a space craft its a sub-orbital toy. Balloons go higher than this thing.
I would take the cash over some stupid stunt flight."
The definition of space is a bit fuzzy. But 100 kilometers(62 miles) up is considered the definition of space. Virgin galactic is targeting 70ish miles with spaceship2. This is far higher then any ballon goes(less then 25 miles max). From the price tag, they certainly mean sub orbital not orbital, but its still technically space; and still way higher then a balloon. Of course there is currently no suborbital space access for 200k, even tho multiple companies are trying to do it. And virgin galactic is quite a few years behind its original time table at this point.
If spacex has its way, they will be able to do orbital for 200k. But they certainly dont have it now. Assuming they can get the first and second stage boosters reusable, along with the dragon2 capsule, they could easily do 200k a seat orbital. But are still quite a ways off that.