I think I found the ultimate way to experiment with high altitude reception. There are videos taken from weather balloons that go as high as 106,000 feet above ground and return to earth via a parachute. Imagine also attaching a small radio such as the Tecsun PL-390 to the balloon, have the camera facing the radio and the radio on scan mode or somehow rigged to step through each frequency for a few seconds at a time as the balloon ascends at about 15 feet/second. Here is one such video of footage taken from a high-altitude weather balloon. Imagine what the FM and AM reception would be like at over 100,000 feet!
http://www.youtube.com/watch?v=1h0ptpimm04&fmt=18
http://www.youtube.com/watch?v=1h0ptpimm04&fmt=18