About the Google Lunar XPRIZE
Created in 2007, the mission of the Google Lunar XPRIZE is to incentivize space entrepreneurs to create a new era of affordable access to the Moon and beyond.
The competition’s $30 million prize purse will be awarded to teams who are able to land a privately funded rover on the moon, travel 500 meters, and transmit back high definition video and images.
How does the prize work?
The first team that successfully completes this mission will be awarded the $20 million Grand Prize. The second team to successfully complete the mission will be awarded $5 million. To win either of these prizes, teams must prove that 90% of their mission costs were funded by private sources. Teams have until the end of 2016 to announce a verified launch contract to remain in the competition and complete their mission by the end of 2017.
Why the Moon?
The Moon is not only our nearest neighbor in space, but it is also the gateway to the rest of the universe. Formed approximately 4.5 billion years ago, the Moon provides exciting opportunities for discovery in the fields of science, technology, resource detection and utilization, and human habitation.
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