Peter Diamandis, CEO of the X Prize Foundation, wants to use our competitive instincts to make the world a better place. After handing out $10 million to the first private team to achieve suborbital space flight, he's extended his X-prize concept into earthly realms such as automotive engineering, genomics and health care. And while he still sends billionaires to the International Space Station as managing director of the firm Space Adventures, he's lately teamed up with futurist Ray Kurzweil to create the Singularity University, where young entrepreneurs are trained to think about global issues. Ivan Semeniuk spoke with Diamandis about his ongoing ventures on and above the planet.