The Schweickart Prize commemorates the illustrious career and public leadership of Rusty Schweickart, Apollo 9 astronaut and co-founder of B612 Foundation. The inaugural Schweickart Prize was awarded to Rusty on June 30, 2023 at the California Academy of Sciences in San Francisco.

The prize winning student or team, selected each year, will receive a prestigious museum-quality award, with an authenticated meteorite, symbolizing the existential nature of the award's purpose. In addition to the physical award, the prize winner will be granted a cash prize of $10,000 USD. Their winning proposal will be given global exposure through a press campaign, ensuring widespread acknowledgment of their innovative ideas.