Entrepreneur and philanthropist Paul G Allen and aerospace pioneer Burt Rutan plan to develop the next generation of space travel.
Sixty-two-year-old pilot Mike Melvill, on Monday, became the first human to fly a privately built ship beyond the Earth's atmosphere, as the world's first commercial space flight took off from a runway in California's Mojave desert.
In the first step towards opening space flights to private individuals, the United States has issued a license for a manned suborbital rocket.
The race is on to build a car that gets 100 mpg. The purse? A $25 million prize -- and a piece of history.
SpaceShipOne, the world first privately developed spacecraft that first entered the space in October, has been named '2004 Invention of the Year' by Time magazine as a part of its annual 'Coolest Invention' issue.
Goes without saying that the $10 million prize money will be nothing compared to the lifelong accolades that will follow the winner of this contest.
Whenever you think of Microsoft, the only name that crosses one's mind is Bill Gates. But the tech behemoth was co-founded in 1975 by Gates and Paul Allen.
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