Community > Forum > Wirefly X Prize Cup > $10,000,000 sounds so little money. It Should it be MORE!!!!

$10,000,000 sounds so little money. It Should it be MORE!!!!

Posted by: Splinter - Mon Aug 04, 2003 5:25 am
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$10,000,000 sounds so little money. It Should it be MORE!!!! 
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Post $10,000,000 sounds so little money. It Should it be MORE!!!!   Posted on: Mon Aug 04, 2003 5:25 am
NBA superstar makes over $ 50 million dollars a year. Baseball players makes over $50 million dollars a year. Movie actors makes over $ 25 - 75 million dollars a year.




How come X-prize is pitting down so low? Space explorer should make more than $ 10,000,000.


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Post    Posted on: Mon Aug 04, 2003 7:49 am
$10 million seems to be adequate considering all of the teams who have entered and are making progress. Over all, I think it could have a positive effect on the public, investors, politicians, etc, if they see that people can actually get to the edge of space for such a seemingly small amount of money. If the prize was too big it would just perpetuate the meme that spaceflight is too complex and expensive to be pursued on a big scale.


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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Mon Aug 04, 2003 8:18 am
Splinter wrote:
How come X-prize is pitting down so low? Space explorer should make more than $ 10,000,000.


Thats what everybody here is hoping for. That they will make much more than $10M. Not with prizes, but by selling their services.
Prizes are good to kickstart, but if the effort cannot be economically sustained by itself its doomed to perish.
And after all, we want spaceflight become much cheaper, one of the goals of X-Prize. How can something become cheaper if you throw more money at it ?

( but, i would like to see additional smaller prizes for coming in second and third in this competition. Or maybe sheer publicity will make it up for those companies, helping them secure further investments, and perhaps they can have another shot at X-Prize Cup )


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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Mon Aug 04, 2003 1:45 pm
Splinter wrote:
How come X-prize is pitting down so low? Space explorer should make more than $ 10,000,000.


There are numerous reasons for this. One is a very practical one: X-Prize was trying to raise $10 million from scratch and did so only recently. It's hard to raise millions of dollars nowadays for a competition that isn't sports-related!

The better reason is that even if they could raise $50 million, they wouldn't want to because too much would attract the attention of aerospace companies. The rocket launch companies could jump in on a competition where there were millions of dollars of revenue to be made, and the idea of rocket companies entering the competition takes away the fun Wright Brothers attitude of the entire project.


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Post    Posted on: Tue Aug 05, 2003 12:33 pm
It's not just fun, but one of the points of the competition. Namely, that technology has matured and the infrastructure pervasive enough that a group slightly more than "Garage Builder's" can get a vehicle into space. The RLV and two-week turn-time is just a fun tweak-in-the-nose for NASA and the other big companies who've tried and failed to do so over the years (why is a whole other thread about engineering welfare).

Having Boeing or the Skunk Works do it isn't as impressive or make's as big a point to the public as it will when somebody like Armadillo does it.


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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Tue Sep 02, 2003 9:33 pm
my [ship] is biulable for $1000


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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Tue Sep 02, 2003 9:34 pm
my [ship] is buildable for $1000


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Post    Posted on: Wed Sep 03, 2003 2:40 am
While it would be great if it was more, it's still a great amount, especially since we need a low cost route into space. Also in 50 years the memory of the winner will be far more important then any amount of money.

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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Fri Sep 19, 2003 7:26 am
well actually that is a lot of money :!: , cause they aint famous about it,the NBA's are huge people which everyone knows. anyway they are not just doing it for the money (allthough that is one of the good reasons :twisted: ) but they are doing it for the science. the last twenty years there have been allmost none evolvement in space-travelling, and suddently these people realise it and in a little time they have raised a lot of money and are willing to give them away free if someonebuilds THE ultimate spacekraft :P . by the way the cost of sending up a rocket is low enough to actually build and send up there spacekrafts AND earn a little cashmeanwhile, i know since i send up rocketmyself last years sadly i only went half through the project so it never reached space (only 25km. up :roll: )

but the most important things is that they aint doing it for themselves, they are doing it for the world


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Post Re: $10,000,000 sounds so little money. It Should it be MORE   Posted on: Thu Oct 30, 2003 4:48 pm
Splinter wrote:
NBA superstar makes over $ 50 million dollars a year. Baseball players makes over $50 million dollars a year. Movie actors makes over $ 25 - 75 million dollars a year.




How come X-prize is pitting down so low? Space explorer should make more than $ 10,000,000.
You Crazy :roll:


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Post    Posted on: Sun Feb 15, 2004 8:51 pm
The big reason is that whatever craft a team turns out it needs to be worth less than ten mill. in order for it to be ecconomical. If a team could seel their rockets for two million, say, then they would really be on to the technology revolution that the Xprize is all about.

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Post    Posted on: Sun Feb 15, 2004 10:45 pm
scaled's spent at least $20 mil and they're just fine, it's not the ones that cost relatively close to $10 mil they want to drive away, just the huge companies for whom $10 mil is pocket change. btw, nothing personal or anything but it bugs me when people bump posts over a month old with a sentence or two that has already been said in the post. if you feel like you need to comment put something new or else go into more depth than previous people.


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Post    Posted on: Tue Feb 17, 2004 4:02 am
Okay... So maybe the idea is to sell rockets to countries like Brazil and South Africa for pocket change.

The Production cost needs to be so small that the Prize itself could subsidise gifting three or four launch systems to really impoverished companies, lke bangladesh etc.

Thats why the Prize has to be small, because the new system has to be very very cheap.

Or perhaps space is to be the playground of rich Americans?

The company needs to produce the rockets on its own but it was thirty years before an airline could operate without subsidies.

What if a Government paid for the cost of one thousand flights and gave them away as scholarships or random lottery style to its citizens.

The company would have a good solid order to get it through or three years and that country would suddenly have a huge base of astronauts and passengers.

But those numbers require real enginerring magic and that is what the X Prize represents.

Sure there were massive overinvestments when chasing the ortieg prize, but if memory serves, C. Lindenberg and co. only spent 75% of the what the prize was worth on the construction of the Spirit of St. Louis.

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