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Originally Posted by Adam Y.
Errrr..... Three people doesn't not seem that lucrative enough for space tourism.
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The competition is intended to help "jump-start" the application of technology to non-government spaceflight. A prize-winning design will almost certainly be inappropriate for paying passengers, but it will be a good step on the way to a commercial spacecraft. By the way,
The Spirit of St. Louis wasn't "that lucrative enough for" transatlantic passenger service, and it barely held
one person.
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Wasn't there an airplane competition that the X-Prize is based on?? I forgot the whole story behind it.
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There have been many such competitions. Ramond Orteig funded the prize for the first solo transatlantic crossing. The Kremer Prize was for the first controlled human-powered airplane flight. Peter Diamandis is the man behind the X Prize for reusable private spaceflight.