Monday, June 26, 2006
NASA is sponsoring a competition in which charming companies would get $500 million in seed money to expand space vehicles that the US space agency would never design, build or own. Like a U-Haul truck rental, NASA instead would just lease them on a per-trip basis for sending cargo and finally crew to the international space station.
The arrangement is extraordinary in the nearly 50-year history of the space agency that usually oversees the development and construction of its own space vehicles instead of purchasing trip from private companies.
NASA would pay out the money incrementally for each milestone achieved in the vehicles' development. After that, the company or companies who win the competition would have to finance the vehicles on their own.
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@ 1:57 AM
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