Well, the balloon can't burst because it isn't made with latex, which a balloon popping is just the latex strching back to normal. But the balloon in the picture is a mylar balloon, so it can't burst.
I feel the pain and sadness just by looking at it. Did you know your balloon didn't make it to outer space? they burst at around 10 km, 6.2 miles, 29,537 ft. (these are all the same distance)