X Prize renamed to reflect major new donation
Posted: Wed, May 5, 2004, 2:01 PM ET (1801 GMT)
The X Prize, a $10-million prize for commercial suborbital RLVs, announced a major new donation and corresponding name change on Wednesday. The prize foundation said it had received a multimillion-dollar donation from Iranian-born entrepreneurs Anousheh Ansari and Amir Ansari. The exact size of the donation was not announced. To recognize the donation, the prize foundation said the prize would be renamed the Ansari X Prize Competition. The donation is the second major deal the prize has announced in as any months: in March the foundation inked a "seven-figure" sponsorship deal with the Champ Car World Series racing circuit. The Ansari X Prize offers the $10-million prize to the first commercially-developed suborbital RLV capable of carrying three people that flies to 100 kilometers altitude twice in a two-week period. The actual prize money is secured through an insurance policy that expires at the end of this year.
The X Prize, a $10-million prize for commercial suborbital RLVs, announced a major new donation and corresponding name change on Wednesday. The prize foundation said it had received a multimillion-dollar donation from Iranian-born entrepreneurs Anousheh Ansari and Amir Ansari. The exact size of the donation was not announced. To recognize the donation, the prize foundation said the prize would be renamed the Ansari X Prize Competition. The donation is the second major deal the prize has announced in as any months: in March the foundation inked a "seven-figure" sponsorship deal with the Champ Car World Series racing circuit. The Ansari X Prize offers the $10-million prize to the first commercially-developed suborbital RLV capable of carrying three people that flies to 100 kilometers altitude twice in a two-week period. The actual prize money is secured through an insurance policy that expires at the end of this year.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Sunday, March 22
Isar Aerospace secures first active debris removal mission with Astroscale
Isar Aerospace — 5:50 pm ET (2150 GMT) Voyager Awarded Multi-Million-Dollar NASA Contract
Voyager Space — 5:44 pm ET (2144 GMT) What 'Project Hail Mary' gets right about microbes
Michigan State Univ. — 5:43 pm ET (2143 GMT) BlackSky wins seven-figure Assured extension contract with international customer
Black Sky — 5:42 pm ET (2142 GMT) Extremely Rare Second-Generation Star Discovered Inside Ancient Relic Dwarf Galaxy
National Optical-Infrared Astronomy Research Laboratory — 5:42 pm ET (2142 GMT) |
