December 4, 2004

NASA Centennial Challenge Awards

Due to the success of the Ansari X Prize (where private organizations built successful space-faring vehicles), NASA is considering a similar approach. As described at SpaceDaily, instead of the old bidding and contracts system, where the winning bid would receive funds before a project's success, the new system would only reward actual accomplishments. NASA is hoping to fuel more simultaneous development with a lower cost risk. The only problem is NASA is not authorized to do this.

Posted by josuah at December 4, 2004 7:03 PM UTC+00:00