Spaceship One: The First Privately Funded Venture into Space

The video discusses the X Prize-winning venture into space by Spaceship One, a privately funded spacecraft. It highlights the unique features of Spaceship One, such as being carried by a mothercraft called White Knight, its hybrid rocket motor, and its ability to function as a glider after fuel exhaustion. The spacecraft successfully completed two space flights within a two-week period, reaching heights of over 102 kilometers. The video concludes by mentioning a new prize for the first privately funded spacecraft to achieve orbit.