Background
The first X PRIZE – the Ansari X PRIZE – was inspired by the Orteig Prize, a $25,000 prize offered in 1919 by French hotelier Raymond Orteig for the first nonstop flight between New York City and Paris. In 1927, underdog Charles Lindbergh won the prize in a modified single-engine Ryan aircraft called the Spirit of St. Louis. In total, nine teams spent $400,000 in pursuit of the Orteig Prize.
In 1996, entrepreneur Peter Diamandis offered a $10 million prize to the first privately financed team that could build and fly a three-passenger vehicle 100 kilometers into space twice within two weeks. The contest, later titled the Ansari X PRIZE for Suborbital Spaceflight, motivated 26 teams from seven nations to invest more than $100 million in pursuit of the $10 million purse. On October 4, 2004, the Ansari X PRIZE was won by Mojave Aerospace Ventures, who successfully completed the contest in their spacecraft SpaceShipOne. The prize was awarded in a ceremony at the Saint Louis Science Center in St. Louis, Missouri. As of 2011, the Science Center maintains numerous exhibits about the X Prize.
Read more about this topic: X Prize Foundation
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