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Sunday, June 20, 2004
MSNBC: The Last Word: Paul Allen
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STONE: Why did you fund this project?
ALLEN: I was looking for possible space-related endeavors that I could participate in. Burt is a very talented guy, and any projects you'd want to do, Burt is the person to talk to. He has such an innovative mind and a great team of people familiar with how you could [build] unusual vehicles. He and his team are experts at using carbon composites to build very light but very strong vehicles. And then the X Prize [a $10 million prize for the first private spacecraft to reach suborbital space] got announced. Through friends I met with Burt, and we hit it off right away. He started sketching ideas.
Why did you keep your investment a secret for so long?
Since the X Prize is a competition, I wanted to keep it under wraps. We have a modest budget, but maybe it is higher than some other teams. Keeping it secret helped give us the lead.
What were your thoughts about the risks of this project after the space-shuttle Columbia tragedy?
Anything like that heightens your awareness of the risks involved. But it's not like Burt or I or any of his team weren't aware of them. We didn't stop work.
Are we on the verge of a commercial space-tourism industry?
We have shown that you can construct a vehicle like this with a modest budget. The big question is, how many people will sign up, and will they pay $50,000 to $200,000 to go on one of those flights. It's not something I would contemplate unless I had partners willing to share the risk. I'm not personally really looking much beyond Monday, and then winning the X Prize. Read More
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