Masten Building On X-Prize | AVIATION WEEK

By , Posted 11/10/09

Link: http://www.aviationweek.com/aw/generic/story_channel.jsp?channel=space&id=new...

"Masten Space Systems, fresh from a million-dollar win in the NASA-sponsored Lunar Lander X-Prize Challenge, hopes to use its vertical-takeoff-and-landing rocket technology to launch a commercial enterprise by the middle of next year.

Dave Masten, founder and CEO of the five-year-old Mojave, Calif., company, said Nov. 6 the company will use the $1.15 million it won by taking first place in the Level 2 lander competition and second place in Level 1 to upgrade its Xoie (pronounced "Zoey") vehicle for higher and faster flight (Aerospace DAILY, Nov. 4)." Masten intends to fly payloads to the edge of space and not humans.