XPRIZE announced the relaunch of its proprietary moon mission Lunar XPRIZE. This time around, participating teams will not receive cash prizes, though experience should be enough to improve their space exploration skills. ( Manjuthan Kiran | Getty Images )
XPRIZE launches its Lunar XPRIZE lunar program, which is open to private companies. This time, however, it receives no funds from Google and no monetary incentive.
In an official statement, XPRIZE announced the culmination of its lunar landing, which produced no winners. XPRIZE thanks Google for taking the initiative to invest $ 30 million in the lunar space flight, which ran from September 2007 to March 31
"As long as this competition is over, there are at least five teams with startup contracts hoping to land on the lunar surface over the next two years," Dr. Peter Diamandis, founder and chairman of XPRIZE.
Since its decade-long contract with Google, XPRIZE is a brand new sponsor interested in bringing its logo to the moon.
Banking on Private Companies
Aside from Google's funding, XPRIZE is able to raise more than $ 300 million through sponsorship, government business and venture deals. The company's intention to pursue Lunar XPRIZE is to help organizations that have invested in the program to take a look into the human space race.
"These space entrepreneurs are developing long-term business models around lunar transport and we can not give up. I am confident that one of these companies will land on the moon in the near future and look forward to the next chapter of this new space race," said Chanda Gonzales. Mowrer, Senior Director at XPRIZE.
Although there is no cash prize, large LUNAR XPRIZE teams like Moon Express, HAKUTO and TeamIndus were excited about the initiative's future.
Takeshi Hakamada, CEO and founder of ispace, Inc., said the Google Lunar XPRIZE has opened another understanding of why a space race is needed to take its technologies and management to a whole new level.
Rahul Narayan of TeamIndus said projects such as Lunar XPRIZE are critical to ensuring future spaceflights succeed
XPRIZE launched its Lunar XPRIZE in 2007 to help private companies expand their own space missions develop and fly. Google picked up the project and donated money to reward participants who can perform the required tasks.
The participating teams received certain missions in space, eg. For example, exploration of the lunar surface and live broadcasts. XPRIZE offered $ 20 million in prize money to the first team to successfully complete the tasks before March 31, 2018. The runner-up should receive $ 5 million.
The deadline was postponed a few times to give the teams room to move, but none of the teams could fulfill the requirement. The prize money was then returned to Google.
"We appreciate Google's commitment and respect its decision that its prize money will end on March 31, 2018, regardless of team progress and startup scenarios," said Katherine Schelbert, spokeswoman for XPRIZE. in an interview with The Verge.
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