"Stargate"...or missile? at 3:17 PM

( June 30, 2011 | The Daily Mail )

An astronomical observatory in Hawaii captured a video image of an unidentified flying object. The UFO, caught by a webcam mounted on the Canada-France-Hawaii Telescope at Mauna Kea, was described as a "bubble-like burst of light in the night sky".

Theories as to what the UFO is range from an inter-dimensional portal to an aerial battle between two spacecraft. There are speculations that it might be a U.S. Minuteman III inter-continental ballistic missile (ICBM) that dumped fuel as it entered the Earth's atmosphere though this has not yet been confirmed.