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QUESTIONS (a) Identify and discuss Three (3) of the risks a privately funded space tourism company would face. (b) Identify and discuss Two (2) advantages and disadvantages of an aerospace project funded by the government?

QUESTIONS (a) Identify and discuss Three (3) of the risks a privately funded space tourism company would face. (b) Identify and discuss Two (2) advantages and disadvantages of an aerospace project funded by the government?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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 Microsoft. 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) Identify and discuss Three (3) of the risks a privately funded space tourism company would face. (b) Identify and discuss Two (2) advantages and disadvantages of an aerospace project funded by the government?
Transcribed Image Text: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 Microsoft. 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) Identify and discuss Three (3) of the risks a privately funded space tourism company would face. (b) Identify and discuss Two (2) advantages and disadvantages of an aerospace project funded by the government?
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