Frankly, I wouldnīt get too exited about the x-price. Itīs a sub-orbital flight. Imho a true space flight starts when entering orbit, not by shooting a tin can into the air as high as possible
I agree, hopefully there will be a Y-prize for the first private flight to do 3 orbits and return safely to earth, twice in two weeks.
Somehow I think it will take a bit longer for that, but plenty of people are working on it.
- Michael