A space race to change the world
By Mark R. Whittington

More than eight years ago, a new space race began with the announcement of the X Prize Competition. Based on prizes that inspired the development of aviation in the early 20th century, the X Prize was started to encourage private space travel through a competition to build the first reusable spacecraft.

The competition will reward $10 million to the first team to privately finance, build and launch a spacecraft that can carry three people 62 miles above the Earth's surface, return them safely to Earth, and then do it again within two weeks. More than 20 teams around the world have joined the competition.

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