A group of entrepreneurs has launched a privately funded spaceship and has created the beginnings of the space tourism industry. The Ansari X Prize Foundation announced that it would award $10 million to the first private company that would fly a manned rocket into space and return safely. Many entrepreneurs competed for the prize but one called Space Ship One succeeded first. It was designed by Burt Rutan, owner of a company that sells build-it-yourself airplanes and was funded by Paul Allen, co-founder of Mierosoft. The long-term goal of the X Prize is to create an affordable space tourism industry where trips to other planets become common for all people. QUESTIONS

A group of entrepreneurs has launched a privately funded spaceship and has created the beginnings of the space tourism industry. The Ansari X Prize Foundation announced that it would award $10 million to the first private company that would fly a manned rocket into space and return safely. Many entrepreneurs competed for the prize but one called Space Ship One succeeded first. It was designed by Burt Rutan, owner of a company that sells build-it-yourself airplanes and was funded by Paul Allen, co-founder of Mierosoft. The long-term goal of the X Prize is to create an affordable space tourism industry where trips to other planets become common for all people. QUESTIONS

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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