The precision orbit determination (POD) experiment on TOPEX/POSEIDON using the Global Positioning System (GPS) is yielding concrete results. Orbit consistency and accuracy tests indicate that GPS is routinely providing satellite altitude with an accuracy of better than 3 cm. Here we review the GPS experiment, its basic concepts, POD techniques and key results, and discuss the possible cost and performance benefits that may flow to future missions. ¿American Geophysical Union 1994