Ninety-four years ago today, Charles Lindbergh took off from New York for Paris on the first solo non-stop flight across the Atlantic. One of the reasons that happened was $25,000 in prize money. The Orteig Prize was one of the inspirations for the modern XPrize, an award given to people solving big problems. The latest prize up for grabs is funded by Elon Musk, who has committed $100 million for a carbon removal technology to combat climate change. Musk’s own SpaceX was likely inspired by the first ever XPrize, which the mid-90s offered $10 million to whoever could build a privately financed reusable spaceship. “Marketplace Tech” host Molly Wood speaks with Anousheh Ansari, the CEO of the XPrize foundation, who says that the first prize created an industry.

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