We report the first results of the LISA Pathfinder in-flight experiment. The results demonstrate that two free-falling reference test masses, such as those needed for a space-based gravitational wave observatory like LISA, can be put in free fall with a relative acceleration noise with a square root of the power spectral density of $5.2\pm 0.1\mathrm{fm}{\mathrm{s}}^{-2}/\sqrt{\mathrm{Hz}}$, or $(0.54\pm 0.01)\times {10}^{-15}$g$/\sqrt{\mathrm{Hz}}$, with g the standard gravity, for frequencies between 0.7 and 20 mHz. This value is lower than the LISA Pathfinder requirement by more than a factor 5 and within a factor 1.25 of the requirement for the LISA mission, and is compatible with Brownian noise from viscous damping due to the residual gas surrounding the test masses. Above 60 mHz the acceleration noise is dominated by interferometer displacement readout noise at a level of $(34.8\pm 0.3)\mathrm{fm}/\sqrt{\mathrm{Hz}}$, about 2 orders of magnitude better than requirements. At $f\le 0.5\mathrm{mHz}$ we observe a low-frequency tail that stays below $12\mathrm{fm}{\mathrm{s}}^{-2}/\sqrt{\mathrm{Hz}}$ down to 0.1 mHz. This performance would allow for a space-based gravitational wave observatory with a sensitivity close to what was originally foreseen for LISA.

We report on the development of the LISA Technology Package (LTP) experiment that will fly on board the LISA Pathfinder mission of the European Space Agency in 2008. We first summarize the science rationale of the experiment aimed at showing the operational feasibility of the so called Transverse-Traceless coordinate frame within the accuracy needed for LISA. We then show briefly the basic features of the instrument and we finally discuss its projected sensitivity and the extrapolation of its results to LISA.