News about the Google Lunar X PRIZE.
Odyssey Moon was the first official team to register for the $30M Google Lunar X PRIZE competition, making its first public debut on December 6th, 2007, at the Space Investment Summit in San Jose, California. On February 21st, 2008, nine new teams were announced by the X PRIZE Foundation at a press conference held at the Googleplex in Mountain View, California.
SANTA MONICA, Calif., September 13, 2007 – The X PRIZE Foundation and Google Inc. (NASDAQ: GOOG) today announced the Google Lunar X PRIZE, a robotic race to the Moon to win a remarkable $30 million prize purse. Private companies from around the world will compete to land a privately funded robotic rover on the Moon that is capable of completing several mission objectives, including roaming the lunar surface for at least 500 meters and sending video, images and data back to the Earth.
MOUNTAIN VIEW, Calif. -- Nearly two years into the competition for the Google Lunar X Prize $30 million purse, teams are lining up financing, establishing partnerships and tinkering with rover prototypes.
Last week brought us the exciting official news of water on the Moon. This news is scientifically critical and, more importantly, economically astounding. From a scientific point of view, we now know that the water is interlaced with the lunar soil in many locations, perhaps as remnants of comet collisions with the lunar surface.
Standing at the lectern at the United Nations building in New York, Peter Diamandis looks the demagogue...he's impassioned with the vision of a new kind of public capital: prize capital. "If I had a billion dollars," he tells the assembled audience of 300 who have paid $1,800 a head to attend this first ever X Prize conference, "I'd create ten $100 million prizes!"
A study performed by the Futron Corporation, an aerospace consultancy based in Bethesda, MD, predicts that companies such as those competing for the Google Lunar X PRIZE will be able to address a market in excess of $1 billion over the course of the next decade.