Austrian extreme sports pioneer Felix Baumgartner, famed for a record-breaking 2012 skydive from the edge of space, died on Thursday in a paragliding accident in central Italy, local police said.

Extreme athlete Felix Baumgartner, the first skydiver to fall faster than the speed of sound during a 24-mile leap through the stratosphere more than a decade ago, was killed in a crash Thursday alon...