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| | New Scientist Breaking News - New space prizes target space elevators |
 | | The prizes, announced on Wednesday evening, are the first in a series called "Centennial Challenges", modelled on the $10 million X Prize recently awarded to the first privately developed spacecraft. |
 | | The $50,000 "Tether Challenge" will be awarded to a privately funded team that has the strongest tether of a particular diameter. |
 | | In 2006, the challenge will include building the source of power, as well, and the top three teams will again receive $100,000, $40,000 and $10,000, respectively. |
| www.spacetoday.net /getarticle.php3?id=59641 (463 words) |
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