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Mr. Allen also financed Space Ship One, a rocket-powered aircraft that in 2004 became the first privately financed human flight to reach suborbital space.
The $25m needed for Mr Rutan's privately financed space programme was put up by Microsoft billionaire, Paul Allen.
U.S. OPEN PREVIEW, SECTION F First Space, Then the Prize The goals include a $10 million prize and, ultimately, privately financed space travel.
Almost one hundred and one years after the Wright Brothers' famous flight near Kitty Hawk, N.C., a rocket financed by a billionaire has become the first privately financed space ship, winning the $10 million X Prize.
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In contrast to France's announcement on 30 November to collaborate directly with NASA on Mars exploration, Bulmahn said Germany planned to keep working within the framework of the European Space Agency and would press to continue reforms already underway to streamline the agency's administration, as well as pressure German industry to take a greater role in financing space missions and research.
On my most recent visit to Kenya, I watched as one of the latest units of rangers financed by Space for Giants underwent training.
Watch the finance space!
"To us he was just some shadowy figure in the finance space," said a former technology executive at Nortel.
However, Musk has taken this to a whole new level, betting everything on more than one occasion – on the disruption of the finance, space (rockets) and automotive sectors.
"We had to get into the financing space to be able to deliver a solution to our franchisees," said Peter Taunton, founder and chief executive of Snap Fitness, a national gym chain based in Chanhassen, Minn.
In the meantime, instead of using the Ares I to transport astronauts to the International Space Station, $6 billion of the budget would instead go to financing space taxi services from commercial companies — another controversial change.
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