X Prize Foundation gives out millions for categories of space travels

January 26, 2015 6:45 PM

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The X Prize Foundation has modified its monetary prize awards for landing a spacecraft on the moon and even taking photographs or going further up across the lunar surface; instead of giving the winner in each the sum of $20 million or $5 million, the foundation has introduced the Milestone Prize which gives some token lump sum to the contestants to enable them cover initial costs of technology for the space competition.

The X Prize Foundation in 2004 awarded a prize of $10 million for the successful launch of SpaceShipOne, a privately-financed reusable spacecraft which flew a pilot to space at an height of 62 miles above the Earth’s surface – SpaceShipOne won this prize because it is the first privately owned compa...

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