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Will the investment flood happen?



 
 
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Old July 5th 03, 02:37 PM
M. Scott
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Default Will the investment flood happen?

As you probably know, in the aftermath of Charles Lindbergh's
trans-Atlantic flight, interest in aviation skyrocketed. According to
the X-Prize website, "The Spirit of St. Louis aircraft was personally
viewed by a quarter of all Americans within a year of Lindbergh's 1927
flight. The number of US Airline Passengers flown went from 5,782 in
1926 to 173,405 in 1929. Companies were known to change their names to
include the words "airplane" or "aviation" in their corporate names much
like the rush to establish the early dot.coms."

In an interview with Clark Lindsey of HobbySpace, Dr. Diamandis (of the
X-Prize) said, "Once the X PRIZE is won, I hope that there will be a
major flow of cash from the investment community into private
space-related ventures."

Do you all think this is likely to happen? Or do you think most
investors will wait until the X-Prize competitors actually start turning
profits?
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