In a recent issue of Business 2.0 magazine, we are told that X Prize founder Peter Diamandis is expanding his X Prize Foundation to address new areas of innovation. The first Ansari X Prize included a $10 million purse for the first private spaceflight. The X Prize Foundation website notes that the group is “actively researching the feasibility of new prizes in space, energy, genomics, education, nanotechnology, and prizes in the social arena,” but Business 2.0 gives us some more particulars on three new X Prizes:

First, the X Prize Cup, awarded for the most innovative amateur rockets. Diamandis’ interest in rockets extends to his involvement with the advent of the newly-formed Rocket Racing League. Information about additional X Prizes appears in a box inset within this story, “Move over, Nascar — es rocket racing.”Another X Prize of $10 million will be awarded for the invention of a “sequencer that maps an individual’s DNA in a matter of hours for less than $10,000.”And finally, there is the Automotive X Prize, which will include a cash award in excess of $10 million, for the creation of a “mass-market car that ‘significantly exceeds’ 100 mpg.”

Also, be sure to check out the details of the X Prize Foundation’s Lunar Lander Challenge.