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Private Company First to Take on Lunar X Challenge

Posted by Zonk on from the to-the-moon-google dept.

explosivejared writes "A private company by the name of Odyssey Moon has become the first team to complete registration for Google's Lunar X Challenge. They will likely be competing with several heavyweights in the field, as Carnegie Mellon University, along with many others, has already expressed an interest in the competition."

1 of 65 comments (clear)

  1. Missing the point. by untree · · Score: 5, Insightful

    You don't need to recoup all the winner's costs. You just need to give the company a bit of a reward to help them get back out of the red more quickly.

    Take the $10M prize, as an example. It is estimated that the winning team spent around $25M to win that $10M. But they now have a contract with Virgin Galactic to build many more vehicles, because they have the know-how and a workable basic design.

    The goal is to stimulate, not to reimburse all costs.