Editing Xprize Foundation (section)

==Background==
[[File:SpaceShipOne Takeoff photo Don Ramey Logan.jpg|thumb|SpaceShipOne Takeoff]]
[[Image:Ansari X-Prize Check.jpg|thumb|right|250px|The first, titled the Ansari XPRIZE, was presented on November 6, 2004.]]
The first XPRIZE, the Ansari XPRIZE, 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 XPRIZE 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 XPRIZE 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]].<ref>{{cite news|title=Spaceship team gets its $10 million prize|author=Boyle, Alan|publisher=[[NBC News]]|date=November 6, 2004|url=https://www.nbcnews.com/id/6421889|archive-url=https://web.archive.org/web/20131216102112/http://www.nbcnews.com/id/6421889/|url-status=dead|archive-date=December 16, 2013}}</ref> 

The foundation has also created the [[X Prize Cup|XPRIZE Cup]] rocket challenge competition.