Rocketeers (Review and Analysis of Belfiore's Book)
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About this ebook
This complete summary of the ideas from Michael Belfiore's book "Rocketeers" shows how entrepreneurs can successfully exploit scientific goals. In his book, the author demonstrates how the X-price has had far-reaching effects. Entrepreneurs can stimulate not only the economy, but also technological advance. This summary explains how the rules of entrepreneurship are changing and what this means for the future of space tourism.
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To learn more, read "Rocketeers" and discover the impact of the X-Price strategy.
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Rocketeers (Review and Analysis of Belfiore's Book) - BusinessNews Publishing
Book Presentation Rocketeers by Michael Belfiore
About the Author
Important Note About This Ebook
Summary of Rocketeers (Michael Belfiore)
The X-Prize Concept
Burt Rutan and SpaceShipOne
The X-Prize Flights
NASA Gets in on the Act
Space Tourism
Hotels in Space and Spaceports on Earth
Other Potential Applications
About the Author
MICHAEL BELFIORE is a freelance journalist who has been covering commercial space flight for a number of years. He has written numerous articles on the subject which have been published in Popular Science, Wired News, Reuters, New Scientist and a number of other publications. He is also a passionate science fiction fan.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
The X-Prize Concept
The foundations of what is today the multi-billion-dollar commercial aviation industry were never laid by government funding or by a tightly coordinated research and development program. Instead, a group of tinkerers, garage inventors and part-timers responded to a series of cash prizes which were offered by some of the premier institutions and individuals of that era. Some of these prizes were small and obscure while others garnered huge public interest –
10,000 French francs for whoever could accomplish fifteen minutes of sustained flight.
10,000 British pounds for the first nonstop transatlantic flight.
$10,000 for the first flight between New York and Albany, a distance of 134 miles by air.
$25,000 for the first nonstop flight between New York and Paris – won by Charles Lindbergh flying The Spirit of St. Louis in May, 1927.
When entrepreneur Peter Diamandis read Charles Lindbergh’s biography, he realized that Lindbergh’s main motivation in making the nonstop flight between New York and Paris had simply been to win the prize on offer rather than to be a heroic trailblazer. As Diamandis read that, he had an epiphany. He thought that since offering prizes had stimulated the establishment of the commercial aviation industry, perhaps the same thing could happen to bring affordable space travel to the masses. Diamandis reasoned this would be the ideal way to challenge the perception space exploration was so expensive it required the resources of government funding to be achieved.
Diamandis therefore got the ball rolling on what would