X Prize raises money, adds competitors
Posted: Thu, Oct 17, 2002, 7:43 AM ET (1143 GMT)
The X Prize, a competition designed to foster the develop of a new generation of reusable suborbital vehicles, has added two new teams while claiming it has raised the full $10 million purse. SPACE.com reported Wednesday that X Prize chairman Peter Diamandis told World Space Congress attendees that the prize has secured its full $10 million award, something the prize had been trying to do for over five years. The money is available now and is secure at least through the end of 2004. The $10 million will go to the team that is the first to fly a privately-developed vehicle capable of carrying three people that flies to an altitude of 100 km twice in a two-week period. Two teams were officially added to the competition on Wednesday: Aeronautics and Cosmonautics Romanian Association (ARCA) and Armadillo Aerospace. Another X Prize competitor, Pablo De Leon and Associates of Argentina, is planning a launch of a half-scale version of its vehicle in 2003.
The X Prize, a competition designed to foster the develop of a new generation of reusable suborbital vehicles, has added two new teams while claiming it has raised the full $10 million purse. SPACE.com reported Wednesday that X Prize chairman Peter Diamandis told World Space Congress attendees that the prize has secured its full $10 million award, something the prize had been trying to do for over five years. The money is available now and is secure at least through the end of 2004. The $10 million will go to the team that is the first to fly a privately-developed vehicle capable of carrying three people that flies to an altitude of 100 km twice in a two-week period. Two teams were officially added to the competition on Wednesday: Aeronautics and Cosmonautics Romanian Association (ARCA) and Armadillo Aerospace. Another X Prize competitor, Pablo De Leon and Associates of Argentina, is planning a launch of a half-scale version of its vehicle in 2003.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT) |
|
news links
|
|
Wednesday, June 25
US Space Command’s Gen. Whiting talks Golden Dome, EW and China’s space-based kill chain
Breaking Defense — 6:25 am ET (1025 GMT) Space partners eye secure future
Australian Government — 6:24 am ET (1024 GMT) How we protected the UK and space in May 2025
UK Space Agency — 6:23 am ET (1023 GMT) Space Development Agency accelerates launch of first experimental tactical SATCOM satellite
Defensescoop — 6:21 am ET (1021 GMT) Secretive Space RCO Plans to Launch First ‘Full-Up’ Satellites Soon
Air and Space Forces Magazine — 6:21 am ET (1021 GMT) |
