X-Prize inspires America's Space Prize

In less than a week, the X-Prize might be over, and some might wonder whether this will deflate the private space-race bubble.

Probably not. According to Space.com, a recent article in Aviation Week and Space Technology a new $50 million dollar America Space Prize contest is being created by Nevada millionaire, Robert Bigelow.

Bigelow, of Bigelow Aerospace is forking over half of the $50 million for a privately-built, 7 passenger orbital vehicle. Additionally, the vehicle must be capable of achieving flight altitudes of 100,000 miles and be maneuverable enough to have docking capabilities for Bigelow's habitats.

NASA has also mentioned money contests for private space entreprenuers. Expect to see more 'Partnership Requests' from the likes of Bigelow and others.

There is just too much upside, too much potential profit, for smart business people not to get involved.