With the systematic use of rockets and satellites, a great deal of progress has been made in increasing our knowledge and understanding of the ionosphere and the interaction of radio waves with a magnetoplasma. This paper attempts to summarize the major results obtained during the last six years. During this period, helium was found to be an important atmospheric constituent; topside sounders produced the first survey of the electron distribution above the peak of the F region; several types of plasma resonance were discovered; electron temperatures were observed to be systematically in excess of neutral temperatures, even at night; and new types of whistlers were observed. Steady progress was made in establishing the sources of ionization, from the cosmic rays effective below 70 km to the particular regions in the solar X‐ray and UV emissions responsible for ionization at greater altitudes. Less progress has been made in understanding the mechanisms of electron loss, since uncertainties still exist about reaction rates, the role of minor constituents, and the contributions of electrodynamic transport. As a result of the observations made during the past six years, a new picture of the ionosphere is emerging which is very different from the old one of layers produced in an isothermal atmosphere by monochromatic radiation. Although the new picture is much more complicated, it is firmly based on observation, and it holds out a real hope that the solution of some outstanding problems is now within reach.