George passed on to me a link to an article at Universe Today about a new collaborative effort between SpaceDev (the company who built SpaceShipOne's rocket engine) and NASA to build a low-cost, sub-orbital, re-useable, single-stage spacecraft.
Naturally, someone couldn't resist spouting off about it being "one small step...". Geez!
Anyway, this spaceship meets all the specs for the X-Prize, but with a launch date sometime in 2008, they're over three years too late. The article noted that subsequent designs would be capable of reaching orbit, and would be used to ferry people and supplies to the International Spacestation.
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