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Fun Side Note: The $10M Ansari XPRIZE payed out to Burt Rutan & SpaceShipOne was "hole-in-one" indemnity insurance because the insurer took the bet that a team
by startupfounder 13y ago
Fun Side Note:
The $10M Ansari XPRIZE payed out to Burt Rutan & SpaceShipOne was "hole-in-one" indemnity insurance because the insurer took the bet that a team couldn't get to space twice within the allotted time period. The Ansari family put up the money to pay the premium to get the $10M insurance. Genius.
This is also a fascinating story about thinking outside the box on a galactic scale.
http://www.thespacereview.com/article/234/1 http://www.thespacereview.com/article/234/1
http://www.ted.com/talks/peter_diamandis_on_our_next_giant_leap.html http://www.ted.com/talks/peter_diamandis_on_our_next_giant_l...