X PRIZE FOUNDATION NARROWS THE SEARCH FOR HOST OF ANNUAL INTERNATIONAL SPACE RACES

The X PRIZE Foundation is getting ready to choose the semifinalists in the bid to host the first annual X PRIZE Cup. Four US States, California, Florida, Oklahoma and New Mexico will compete for the venue and the chance to host the first air show for the private space community. Earlier this year, the X PRIZE Foundation released a Request for Proposal (RFP) to all Spaceports in order to select a strategic partner and hosting venue for the X PRIZE CUP.
The X PRIZE Foundation plans to leverage the competitive and sponsorship aspects of the $10 million X PRIZE into an annual, publicly attended event known as the X PRIZE CUP. This two-week long event will take place at the same time and same location each year and will allow all X PRIZE-Class vehicles to compete for cash prizes in a series races resulting in a single winner. While only one team will win the $10 Million X PRIZE, many teams are expected to create reusable launch vehicles in the private sector. Read More