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
|
|
US and UK militaries conduct coordinated satellite maneuvers
Posted: Sun, Sep 21 8:30 AM ET (1230 GMT) Blue Origin retires a New Shepard capsule after payload flight
Posted: Sun, Sep 21 8:25 AM ET (1225 GMT) |
|
news links
|
|
Tuesday, October 14
US Congress committee investigating Musk-owned Starlink over Myanmar scam centres
AFP — 7:50 am ET (1150 GMT) Morgan Stanley calls Rocket Lab a SpaceX alternative as it lifts price target
Investing.com — 7:48 am ET (1148 GMT) SpaceX’s Starship rocket lifts off in latest test flight as Musk eyes Mars
France 24 — 7:46 am ET (1146 GMT) SpaceX Replicates Starship Launch Success as US Races to Moon
Bloomberg News — 7:46 am ET (1146 GMT) SpaceX successfully tests 11th Starship flight in Texas
UPI — 7:46 am ET (1146 GMT) |
