By Peter H. Diamandis, X PRIZE Chairman & CEO

Today, October 4th, is the 5 year anniversary of the winning of the $10 million Ansari X PRIZE for spaceflight. The most important legacy and meaning of the Ansari X PRIZE on its five year anniversary lies in the fact that the event kicked off a new industry. In the same way that Lindbergh’s flight across the Atlantic in 1927 is seen as an inception point for today’s $300 Billion Aviation industry, I’m extremely proud that the Ansari X PRIZE has created a new personal spaceflight industry. Not only did these historic flights culminate in a beautiful exhibition in the Smithsonian, at the entrance to the National Air & Space Museum, but much more profoundly, the winning flights by SpaceShipOne kicked off the personal spaceflight industry which has had over $1Billion invested in it during the past 5-years.

On this day, I’m taking the liberty to reflect on key questions I’ve been asked over the years…

Ultimately what was the real value of the Competition?

Story at HuffingtonPost.com