Stay updated with breaking news from Peter diamondus. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Foundation, a nonprofit organization. the foundation creates and manages prizes for innovators to solve some of the greatest problems facing the world today. they think big. there are four categories of x-prize, exploration of space, the ocean and other unexplored frontiers in order to improve and extend life. next is the life sciences category, to improve health and decrease suffering. the energy and environment x-prize is water resource management, energy distribution and storage. clean energy and energy efficiency and finally, the education and global development x-prize is pushing for major development in agriculture, capital education and health and water. i want to introduce my guest peter diamondus, a friend of mine, he s been on our show before, because when we talk about our big i, i think the people like peter. ....
This guy thinks bigger than most people i have ever met. peter, thank you for joining us. ali, a pleasure. great to see you, my friend. i want to talk about this x-prize that let s talk about first of all how you got started on this idea with respect to the x-prize. i wanted to be an astronaut since my childhood and found out my chances of becoming an astronaut through nasa were 1 in 1,000. so i was reading about lynnburg that he crossed the atlantic in 1927 to win a $25,000 prize and that prize drove nine teams to spend $400,000 and they only paid the winner. how great is that? if i can create a prize for private spaceflight, that could be my tick tote space. we had a $10 million prize, drove 26 teams, spent $100 million. today we have virgin galactic and john carmac space ....
Multibillion dollar industry of private spaceflight. now virgin galactic is off and selling tickets. that s the model. we get the entrepreneur, they spend their hard-earned cash, other people s investments, they take large risks and if they do it, there s this giant increase in publicity, markets are created, capital flows in and we drive a new industry. god, you are such a big thinker. we love having you on the show and we love the work you do. i ve seen you in action. i ve seen you motivate people to do things that changes the world. the thing i want to talk to you about, we ll have to do it another time. i want to talk about one of the x-prizes next that you were influential in creating. one of the things i want to talk to you about, you don t stop at anything. you want to solve some of the big problems that the world faces, big problems some of us can t get our heads around. peter, always a pleasure for being with us. because we can. i love the attitude. that s what we do, pe ....