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From the report: "Given the complexity and challenges of the new vision,
the Commission suggests that a more substantial prize might be appropriate to accelerate the development of enabling technologies. As an example of a particularly challenging prize concept, $100 million to $1 billion could be offered to the first organization to place humans on the Moon and sustain them for a fixed period before they return to Earth." Zow! I don't for a moment believe any such thing will happen, but it sure is neat to see it recommended in an officially commissioned report... Can you imagine the trophy that would go along with a $1B prize? ,------------------------------------------------------------------. | Joseph J. Strout Check out the Mac Web Directory: | | http://www.macwebdir.com | `------------------------------------------------------------------' |
#2
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Joe Strout wrote in message ...
From the report: "Given the complexity and challenges of the new vision, the Commission suggests that a more substantial prize might be appropriate to accelerate the development of enabling technologies. As an example of a particularly challenging prize concept, $100 million to $1 billion could be offered to the first organization to place humans on the Moon and sustain them for a fixed period before they return to Earth." Zow! I don't for a moment believe any such thing will happen, but it sure is neat to see it recommended in an officially commissioned report... Can you imagine the trophy that would go along with a $1B prize? Careful, here. How can you get cheap spaceflight when you pay ungodly amounts of money for it ? One of the reasons why small enterprises are sometimes innovative in developing low-cost methods is that they HAVE TO make do with limited resources. Give them billions and they'll spend billions too. -kert |
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In article ,
Joe Strout wrote: From the report: "Given the complexity and challenges of the new vision, the Commission suggests that a more substantial prize might be appropriate to accelerate the development of enabling technologies. As an example of a particularly challenging prize concept, $100 million to $1 billion could be offered to the first organization to place humans on the Moon and sustain them for a fixed period before they return to Earth." Zow! I don't for a moment believe any such thing will happen, but it sure is neat to see it recommended in an officially commissioned report... Can you imagine the trophy that would go along with a $1B prize? Offering prizes are all very well, but think back to the Moon Race of the 1960s. That was all about winning a coveted prize too: viz. the prestige associated with being the first nation to land a man on the Moon. The trouble was that once America won that prize (and had basked in the limelight for a while), both it and the Soviets seemed to lose interest in the Moon, and turned their manned space efforts to other goals. That raises the question of whether offering a prizes is such a good idea in the longer term. It is all very well to attract interest, but what happens after the prize is won? Will interest (especially investor interest) be sustained? Or will the competitors and/or their investors turn to other things? After all, if they were serious in the first place, be about launching someone into space or putting someone on the moon, they would not need a prize to accomplish it. -- Stephen Souter http://www-personal.edfac.usyd.edu.au/staff/souters/ |
#5
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Stephen Souter wrote:
[snip] Can you imagine the trophy that would go along with a $1B prize? Offering prizes are all very well, but think back to the Moon Race of the 1960s. That was all about winning a coveted prize too: viz. the prestige associated with being the first nation to land a man on the Moon. The trouble was that once America won that prize (and had basked in the limelight for a while), both it and the Soviets seemed to lose interest in the Moon, and turned their manned space efforts to other goals. That raises the question of whether offering a prizes is such a good idea in the longer term. It is all very well to attract interest, but what happens after the prize is won? Will interest (especially investor interest) be sustained? Or will the competitors and/or their investors turn to other things? If you can sustain people on the moon for less than 1 billion USD, there will be commercial interest for a followup mission. 1 billion for a moon shot is dirt cheap by any reasonable standard. After all, if they were serious in the first place, be about launching someone into space or putting someone on the moon, they would not need a prize to accomplish it. The prize is just a way to convince the investors and to amortize the development costs. Did people stop flying over the atlantic after lindbergh won the prize? If the prize were too high (like 100 billion USD), you might get an unsustanably expensive mission architecture. But a (relatively) small prize like 1 billion USD will force the participants to develop something cheap and sustainable... So the problem with the 1960 space race was not that there was a prize, but that the prize was so large that the motto on both sides was "waste everything but time". |
#6
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Kaido Kert wrote:
Joe Strout wrote in message [snip] Can you imagine the trophy that would go along with a $1B prize? Careful, here. How can you get cheap spaceflight when you pay ungodly amounts of money for it ? I agree that you won't get CATS by just throwing money at the problem. That is why the NASA approach of "give us 20 billion USD and we will develop CATS" is so ridiculous. But a prize of $1B for a moon shot is not an ungodly amount of money. You might even argue that it is way too low. One of the reasons why small enterprises are sometimes innovative in developing low-cost methods is that they HAVE TO make do with limited resources. Give them billions and they'll spend billions too. You don't give them billions up front. You give them billions once they have earned it. That is a huge difference. -kert |
#7
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In article ,
Ruediger Klaehn wrote: But a prize of $1B for a moon shot is not an ungodly amount of money. You might even argue that it is way too low. Indeed, that's the sort of number you want for a prize: it's too small to make it a profitable project for a traditional aerospace company like LockMart, but it's large enough to offer some hope of a big payoff to more innovative competitors. ...Give them billions and they'll spend billions too. You don't give them billions up front. You give them billions once they have earned it. That is a huge difference. If you pay people for making an effort toward a goal, the rational thing for them to do is to maximize effort while making very slow progress. (When you think about it, this explains many things.) Whereas if you pay for results rather than effort... -- "Think outside the box -- the box isn't our friend." | Henry Spencer -- George Herbert | |
#8
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![]() "Stephen Souter" wrote in message ... In article , Joe Strout wrote: From the report: "Given the complexity and challenges of the new vision, the Commission suggests that a more substantial prize might be appropriate to accelerate the development of enabling technologies. As an example of a particularly challenging prize concept, $100 million to $1 billion could be offered to the first organization to place humans on the Moon and sustain them for a fixed period before they return to Earth." Zow! I don't for a moment believe any such thing will happen, but it sure is neat to see it recommended in an officially commissioned report... Can you imagine the trophy that would go along with a $1B prize? Offering prizes are all very well, but think back to the Moon Race of the 1960s. That was all about winning a coveted prize too: viz. the prestige associated with being the first nation to land a man on the Moon. The trouble was that once America won that prize (and had basked in the limelight for a while), both it and the Soviets seemed to lose interest in the Moon, and turned their manned space efforts to other goals. What you're talking about was a government program. That's not the same as offering prizes for private indistry to reach some goals. Look at the hisory of the airplane and see how many prizes were awarded for advances in aviation. Lindberg won the $25,000 Orteig prize for crossing the Atlantic. This was clearly a stunt since the only real payload of that craft was Lindberg himself. However, it proved to investors that such flights were possible. In the end, Lindberg himself helped to start the airline that became TWA. Certainly his trans-Atlantic stunt had helped build his credibility. Jeff -- Remove icky phrase from email address to get a valid address. That raises the question of whether offering a prizes is such a good idea in the longer term. It is all very well to attract interest, but what happens after the prize is won? Will interest (especially investor interest) be sustained? Or will the competitors and/or their investors turn to other things? After all, if they were serious in the first place, be about launching someone into space or putting someone on the moon, they would not need a prize to accomplish it. -- Stephen Souter http://www-personal.edfac.usyd.edu.au/staff/souters/ |
#9
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![]() "Ruediger Klaehn" wrote in message ... So the problem with the 1960 space race was not that there was a prize, but that the prize was so large that the motto on both sides was "waste everything but time". Apples and oranges. The "prize" was proving that the US was superior to the Soviet Union, nothing more. There was no money to be won by the US government. You'd do better to compare such prizes to the old aviation prizes. For example, the $25,000 Orteig prize that Lindberg won for becoming the first person to perform a transatlantic flight. Jeff -- Remove icky phrase from email address to get a valid address. |
#10
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In article ,
Ruediger Klaehn wrote: Stephen Souter wrote: [snip] Can you imagine the trophy that would go along with a $1B prize? Offering prizes are all very well, but think back to the Moon Race of the 1960s. That was all about winning a coveted prize too: viz. the prestige associated with being the first nation to land a man on the Moon. The trouble was that once America won that prize (and had basked in the limelight for a while), both it and the Soviets seemed to lose interest in the Moon, and turned their manned space efforts to other goals. That raises the question of whether offering a prizes is such a good idea in the longer term. It is all very well to attract interest, but what happens after the prize is won? Will interest (especially investor interest) be sustained? Or will the competitors and/or their investors turn to other things? If you can sustain people on the moon for less than 1 billion USD, there will be commercial interest for a followup mission. 1 billion for a moon shot is dirt cheap by any reasonable standard. Depends. The firm which won it probably spent a good deal more than billion dollars to win it! (Just as most X Prize contenders have probably long since outspent their $10 million prize money in development costs.) If that firm cannot turn a profit, then eventually it too will have to stop sending people to the Moon. Just like NASA. After all, if they were serious in the first place, be about launching someone into space or putting someone on the moon, they would not need a prize to accomplish it. The prize is just a way to convince the investors and to amortize the development costs. Did people stop flying over the atlantic after lindbergh won the prize? Shouldn't you be asking what Lindbergh's trip had to do with people crossing the Atlantic as paying passengers? People had already crossed the Atlantic before Lindberg took off. (Alcock and Brown did it in 1919.) "Prizes have had a spotty record at best. While raising public awareness of the potential of transportation technologies, they have not had the lasting results of government contracts. The airmail contracts of the nineteen twenty's and thirty's attracted businessmen not adventurers, and they built transportation systems not one-off flight vehicles intended to win a prize. By 1937 it was possible to buy tickets on commercial airlines to fly around the world because the airmail routes extended around the world." --http://web.wt.net/~markgoll/prize.htm If the prize were too high (like 100 billion USD), you might get an unsustanably expensive mission architecture. But a (relatively) small prize like 1 billion USD will force the participants to develop something cheap and sustainable... So the problem with the 1960 space race was not that there was a prize, but that the prize was so large that the motto on both sides was "waste everything but time". If the prize does not cover the cost of development then you should ask yourself whether the competitors are competing *for* the prize or for the *prestige* attached to winning the contest. If prestige is the goal, then how does something like the X Prize differ from the race for the Moon if the 1960s? After all, someone who is prepared to spend more money *on* a project than he can make *from* it is surely not in that project for the profit motive. More particularly, it implies the motto you claimed for the Soviets and the Americans in the space race: "waste everything but time" -- Stephen Souter http://www-personal.edfac.usyd.edu.au/staff/souters/ |
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