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THE £265 MILLION GIVEN TO THE EUROPEAN SPACE AGENCY SHOULD BE 100 TIMES BETTER SPENT ON A BRITISH X-PRIZE TRUST

Submitted on Saturday 27th August 2011

Published on Friday 16th December 2011

Current status: Closed

Closed: Sunday 16th December 2012

Signatures: 2

Tagged with

British ~ Enable ~ Money ~ UK

Petition Action

THE £265 MILLION GIVEN TO THE EUROPEAN SPACE AGENCY SHOULD BE 100 TIMES BETTER SPENT ON A BRITISH X-PRIZE TRUST

Additional Information

A Space X-Prize of $10m produced the first private enterprise spaceship and kickstarted Virgin Galactic.

An American expert says

"the technology exists to build a reusable orbiter for under a billion dollars; probably far less than

This could be done by prizes"

The evidence is that prizes, where they work are from 33 to 100 rimes more effective than conventional government spending.

If they don't work they are obviously infinitely more effective since a government grant that produces nothing is all spent whereas a prize that isn't won pays nothing.

It has been proposed that the £265 million we annually give to the European Space Agency, an organisation which, with half as much money as NASA has yet to achieve much, bee instead put into a UK X-Prize Trust authorised to offer prizes up to its income 4 years ahead. This enable it to offer prizes totaling £1325, twice what is needed to produce a commercial British space shuttle.

What can we lose?


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