The ANSARI X PRIZE is a cash award to be given out to
the first non-governmental team which builds a
vehicle capable of launching three people to a height
of 62 miles , and doing so twice within a two
week period in the same vehicle. The award amount
is $10 million dollars.
There are over 20 teams competing in this effort.
The idea for the X Prize was drawn from aviation prizes
of the early 20th century, specifically the Orteig prize
which was won by Charles Lindbergh for crossing the
Atlantic nonstop.
It is hoped that the technology developed as a result of
the X Prize will find its way into common usage for such
services as space tourism, package delivery, and
satellite launching.
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