X-Prize Cup/Olympics Planned
sckienle writes "Space.com has a quick article in their astronotes section about the X-Prize committee's idea of an X-Prize competition. Apparently they are thinking about having a 'X-Prize Cup' where 'teams would compete for cash prizes, attempting to set new records.' My favorite quote: 'The notion is to try and bring the money and excitement of NASCAR and Formula One racing into space.'"
Ferrari spends nearly $300 million a year on it's F1 team ... I think the budgets are there if the technology was a little more sound.