X PRIZE Unveils Multi-Mullion Dollar Automotive Prize Contest
In 1996, the X PRIZE Foundation was troubled by what it saw as 40 years of stagnation in spacecraft innovation, so they "sought to bring about a radical breakthrough in the advancement of human spaceflight." Eight years later, the foundation sparked headlines around the world when they awarded their $10 million prize to aerospace designer Burt Rutan and Microsoft's Paul Rubin for successfully launching a personal spacecraft into the earth's orbit twice in two [...]
