3min chapter

The "What is Money?" Show cover image

How to Make a Dent in the Universe with Peter Diamandis (WiM246)

The "What is Money?" Show

CHAPTER

The X Prize - Genesis Story Behind It?

The X prize is a, it's a nonprofit organization. We identify problems in the world that haven't been solved yet. And we create a competition and say, I don't care where you went to school, what you've ever done. If you solve this problem, not on paper, but actually physically build the thing to solve the problem, you win the cash. It was won in 2004 by a guy named Bert Rutan, funded by Paul Allen. Richard Branson came and bought the rights from that winning technology to create Virgin Galactic. He also announced a $10 million prize for the first team who could build a private spaceship, carry three of us up into space, come back

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