Immediately after the successful flight, not only were the designs licensed to Sir Richard Branson (and Virgin Galactic was launched) but commercial space flights were planned to
be executed for future space tourists. Although the foray into Space Station in 2001 fructified, increased private participation for gaining access to it has met with higher support. This venture got the maximum boost when the world’s first privately developed space vehicle, ‘Spaceship One’, on its way to win the Ansari X prize, broke the highest altitude award of 41 years (it reached 112 kms, placing the pilot in the Lower Earth Orbit) in 2004. Immediately after the successful flight, not only were the designs licensed to Sir Richard Branson (and Virgin Galactic was launched) but commercial space flights were planned to be executed for future space tourists. Although the foray into space has had increased participation globally as more and more countries like Saudi Arabia, Algeria and organizations like University of Rome get into building and operating satellites, the access to the launch vehicle, and especially the ability to send manned missions, is severely restricted to a few countries (US, Russia & China).
be executed for future space tourists. Although the foray into Space Station in 2001 fructified, increased private participation for gaining access to it has met with higher support. This venture got the maximum boost when the world’s first privately developed space vehicle, ‘Spaceship One’, on its way to win the Ansari X prize, broke the highest altitude award of 41 years (it reached 112 kms, placing the pilot in the Lower Earth Orbit) in 2004. Immediately after the successful flight, not only were the designs licensed to Sir Richard Branson (and Virgin Galactic was launched) but commercial space flights were planned to be executed for future space tourists. Although the foray into space has had increased participation globally as more and more countries like Saudi Arabia, Algeria and organizations like University of Rome get into building and operating satellites, the access to the launch vehicle, and especially the ability to send manned missions, is severely restricted to a few countries (US, Russia & China). For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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