The entire test lasted for about 90 seconds. The capsule fired its eight SuperDraco engines for approximately six seconds, boosting the spacecraft about a mile above the surface where it then fell back to earth on a pair of three large parachutes.
SpaceX
The purpose of the launch was to test the spacecraft's SuperDraco engines are to, in the unfortunate event that a rocket would malfunction during launch, boost the spacecraft and its future crew members away from the rocket to safety.
Here's a shot of the spacecraft as it lifted off the launch pad Wednesday morning:
SpaceX
SpaceX
SpaceX has scheduled a second test flight for a yet-to-be-announced date later this year. The second test will be much harder because the spacecraft will have to successfully separate from a Falcon 9 rocket while in mid-flight. (Wednesday's test will not involve the launch of a Falcon 9.)
Here's a diagram showing step-by-step what happeend during Wednesday's test: