Investment in private spaceflight field lags enthusiasm by public
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LONG BEACH, Calif. - It was billionaire Paul Allen&#39;s $20 million that allowed Burt Rutan to build SpaceShipOne, the first privately financed manned rocket to reach space.
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Marketing is a big part of the private space race - and, its boosters say, an essential one.
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Hoping to build on the momentum sparked by SpaceShipOne&#39;s dash into space, supporters of opening the heavens to civilians are turning the winner-take
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No sooner had SpaceShipOne glided back to terra firma, claiming both the $10 million Ansari X Prize and distinction as the first privately funded manned spaceflight, than talk turned to a glorious future: personal space trips .
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Space is the one frontier that&#39;s out of reach to the average person, but the feeling of space travel is now a little less elusive.
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The race to send privately owned rockets into space heated up yesterday with the second successful test of a craft built by aviation pioneer Burt Rutan.
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Well, when you&#39;re running a space program with mostly volunteers, you have to expect some hiccups. The da Vinci Project, a Canadian effort to launch a civilian space flight, has pushed back test flights because of the looming holiday season.
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Trying to save the famed Hubble Space Telescope with a robot would cost &#36;2 billion with just a 50-50 chance of success, an aerospace research group is advising NASA in the coming days.
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Space entrepreneurs say they believe they are on the brink of developing a vibrant tourism industry, but worry that government regulation may stifle it before it can take off.
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The events of the days leading up to Wednesdayâs flight of SpaceShipOne had generated considerable momentum for space tourism and commercial space development in general.
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MOJAVE (California) - SpaceShipOne, a privately built three-seat rocket plane, punched into space yesterday, moving a step closer to a US$10 million (S$17 million) civilian space prize.
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The dream of opening space to the general public was given a tremendous boost in 2004 with SpaceShipOne's prize-winning suborbital jaunt and congressional legislation to help establish a space travel industry in the United States. But even the biggest champions of commercial spaceflight acknowledge that a vital space tourism market is still years from becoming reality.
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Investors should not underestimate this latest space race.
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MOJAVE, Calif. - Hoping to build on the momentum sparked by a private rocket plane's dash into space, supporters of opening the heavens to civilians are turning the winner-take-all race into an annual competition that might further fuel imaginations...
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LOS ANGELES - Thrill seekers are plunking down six figures to ride rockets that haven't even been built yet, and a new airline called Virgin Galactic promises to be up and soaring in the next three years. Still, the budding space tourism industry faces a myriad of safety concerns - in the sky and on the ground - that must be resolved before any paying passenger takes off...
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MOJAVE, Calif. - A $20 million, private investment in manned space flight earned a $10 million return yesterday when a stubby, white rocket captured the X Prize by soaring to the edge of space for the second time in less than a week.
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The race to collect the Ansari X Prize has all the makings of a good television reality show. But the competition to win the $10 million prize is also drumming up renewed interest in space flight at a time