Revolutionary new experiments spurred by prize money have triggered hopes that space tourism would become a reality in the near future.Twenty-seven teams from seven countries are in the fray to......
Entrepreneur and philanthropist Paul G Allen and aerospace pioneer Burt Rutan plan to develop the next generation of space travel. Stratolaunch Systems, founded by Paul G. Allen, is a private......
In the first step towards opening space flights to private individuals, the United States has issued a license for a manned suborbital rocket.The Federal Aviation Administration gave a one-year......
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......
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......
Prizes have long been used to stimulate innovation. In 1919 the Orteig Prize offered $25,000 to the first pilot to fly the Atlantic nonstop. Charles Lindbergh won it in 1927, fostering the aviation......