The era of private spaceflight is about to dawn

Published: Thu May 11th, 2006
Source: www.economist.com

TWO years ago next month space travel underwent its Wright-brothers moment with the first flight of SpaceShipOne. The roles of Orville and Wilbur were played by Burt Rutan, who designed the craft, and Mike Melvill, who flew it-although they were ably assisted by Paul Allen, one of the founders of Microsoft, who paid for it. Of course, history never repeats itself exactly. Unlike the brothers Wright, who were heirs to a series of heroic failures when it came to powered heavier-than-air flight, Messrs Rutan and Melvill knew that manned spaceflight was possible. What they showed was that it is not just a game for governments. Private individuals can play, too.

Now, lots of people want to join in, and most of them have just met up at the International Space Development Conference in Los Angeles, to engage in that mixture of camaraderie and competition that characterises the beginnings of a new technology. And, as might be expected, they are brimming with two of the necessary ingredients of success: ideas and money.

First, the money. So far, more than $1 billion is known to have been committed to building private spaceships and the infrastructure to support them. For example, Mr Rutan's follow-up vehicle, SpaceShipTwo, is expected to cost its backers, Virgin Galactic, $240m for a fleet of five. The spaceport in New Mexico from which these are intended to fly will account for another $225m, although New Mexico's government is planning to raise this money itself.
» Read the full article...

The era of private spaceflight is about to dawn

» Older news articles

News archives