Billionaire space race (SEDS). Later, Jeff Bezos became a chapter president of SEDS. In the 1990s, Diamandis, dissolute with the state of space development, decided to spur it on and spark the suborbital space tourism market, by initiating a prize, the X Prize. This led to Paul Allen becoming involved in the competition, creating the Scaled Composites Tier One platform of SpaceShipOne and White Knight One which won the Ansari X-Prize in the 2000s. The technology of the winning entrant was then licensed by Richard Branson's Virgin Group as a basis to found Virgin Galactic. The base techniques of Tier One also form
Space industry Space industry Space industry refers to economic activities related to manufacturing components that go into Earth's orbit or beyond, delivering them to those regions, and related services. Owing to the prominence of the satellite-related activities, some sources use the term satellite industry interchangeably with the term space industry. The term space business has also been used. A narrow definition encompasses only hardware providers (primarily related to launch vehicles and satellites). This definition does not exclude certain activities, such as space tourism. Thus more broadly, space industry can be described as the companies involved in the space economy, and providing goods