U.S. approves first private, manned rocket
"WASHINGTON (AP) -- The government has issued the first license for a manned suborbital rocket, a step toward opening commercial space flight for private individuals for the first time."

The Federal Aviation Administration on Wednesday gave a one-year license to Scaled Composites of Mojave, California, headed by Burt Rutan.

[...]

"I strongly feel that, if we are successful, our program will mark the beginning of a renaissance for manned space flight," he wrote. "This might even be similar to that wonderful time period between 1908 and 1912 when the world went from a total of ten airplane pilots to hundreds of airplane types and thousands of pilots in 39 countries. We need affordable space travel to inspire our youth."

[CLB: I'll join you up there soon! Thank you, Burt.]

The license is a prerequisite for the X Prize competition, an international space race that will give $10 million to the first company or person to launch a manned craft to 62.5 miles above the Earth, and then do it again within two weeks. The craft must be able to carry three people.

The FAA is considering two other applications, Price said. One is an X Prize contestant.

Twenty-seven contestants from seven countries have registered for the X Prize competition.

The prize, announced in 1996, is sponsored by the privately funded X Prize Foundation in St. Louis. Supporters include Dennis Tito, the American who spent $20 million to fly in a Russian craft as the first space tourist; pilot Erik Lindbergh, the grandson of Charles Lindbergh; former astronaut and U.S. Senator John Glenn; and actor Tom Hanks.

Before launching the spacecraft in the X Prize competition, Scaled Composites must give the prize sponsors 90 days notice, Price said. The company can launch its rocket before that, he said, but it must be in an area that isn't risky.