X (formerly known as X Prize)

X (formerly known as X Prize) is a nonprofit organization that designs and manages competitions to incentivize technological innovation and solutions to global challenges. It offers high-stakes, substantial prizes to encourage individuals, teams, and companies to develop breakthrough technologies in areas such as space exploration, energy, environment, and health. The goal is to accelerate progress by rewarding creativity, ingenuity, and entrepreneurial spirit, ultimately driving positive societal impact through innovative advancements.