XPRIZE is a non-profit organization that designs and hosts public competitions intended to encourage technological development to benefit humanity. Their board of trustees include James Cameron, Larry Page, Arianna Huffington, and Ratan Tata among others.
The XPRIZE mission is to bring about "radical breakthroughs for the benefit of humanity" through incentivized competition. It fosters high-profile competitions to motivate individuals, companies and organizations across all disciplines to develop innovative ideas and technologies that help solve the world's grand challenges.
The Ansari X Prize relating to spacecraft development was awarded in 2004, intended to inspire research and development into technology for space exploration.