The Ansari X Prize and the

Commercialization of Space

1996-present


In 1996, the X Prize Foundation offered a $10 million prize for the “first non government entity to launch a reusable spacecraft to space two times in two weeks.” This prize was modeled after aviation challenges of the early 20th century and was intended to “spur the development of low-cost spaceflight.” The prize was won by a company named Scaled Composites in October 2004. Since this award, commercial interests in space travel have grown, most notably with SpaceX. The ultimate goal of SpaceX is to reduce the cost of space transportation and ultimately to colonize Mars. SpaceX is the most successful private space flight company today. They have worked with NASA to fly supply missions to the ISS and to take on satellite launches while NASA continues to develop their replacement for the Space Shuttle, the Space Launch System.

Image Credit:http://www.spacex.com/gallery/orbcomm-2-mission-december-2015