After Oshkosh

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X PRIZE Competition To Continue

"In our estimation, the X PRIZE is about to be won," X PRIZE founder Peter Diamandis said at a press conference at Oshkosh on Saturday. "But that's not the end -- it's the beginning of the X PRIZE Cup, which will be an annual event." Diamandis said the private space teams that have been working to develop new technology trying to win the X PRIZE will meet at an annual gathering in New Mexico to compete in races for new cash prizes. The event will include a Public Spaceflight Exposition. Twenty-seven teams from seven countries registered to compete for the X PRIZE, and more are expected for the X PRIZE Cup competition. Participating teams so far represent the United States, Canada, Argentina, Russia, the United Kingdom, Israel and Romania.