Monday October 4, 2004 1:28 pm
SpaceShipOne Claims X Prize
Mojave Aerospace Ventures, the company that funded the SpaceShipOne project, spent over $20 million to get this far. While a $10 million prize does not sound like much of a reward, there are already many companies that are ready to license the technology, one of which is Virgin Atlantic. Virgin plan on investing $25 million into a commercial space flight division called Virgin Galactic which will be based on SpaceShipOne technology.
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