Dr. Peter H. Diamandis of Greek immigrant parents, is considered a key figure in the development of the personal spaceflight industry, having created many space-related businesses or organizations. He is the Founder and Chairman of the X PRIZE Foundation, an educational non-profit prize institute whose mission is to create radical breakthroughs for the benefit of humanity.

His foundation is best known for offering the $10 million Ansari X PRIZE for private-sector manned spaceflight, a prize that was won in October of 2004 by Microsoft co-founder Paul Allen and famed aviation designer Burt Rutan with SpaceShipOne, the world's first non-government piloted spacecraft. More recently, Diamandis has created the Rocket Racing League. Born as a cross between Indy car racing and rocket powered flight, RRL is developing a brand new motor sport.