Lunar XPRIZE Adds $4.75 Million to Milestone Prizes

Lunar XPRIZE Adds $4.75 Million to Milestone Prizes

The XPRIZE Foundation has made an additional $4.75 million in prize money available for Google Lunar XPRIZE finalist teams that achieve certain technological milestones on the way to the moon.

The additional funding will enable teams to compete for the $1.75 million Lunar Arrival Milestone Prize, which will be awarded to any team that builds a spacecraft that completes one orbit around the moon or makes a direct descent approach to the lunar surface; and/or the $3 million Soft Landing Milestone Prize, which will be awarded to any team that builds a spacecraft able to transmit data proving it soft-landed on the lunar surface. The prize purses will be evenly distributed among teams that have achieved the respective milestone by March 31, 2018.

Earlier this year, XPRIZE announced the five teams with verified launch contracts and eligible to move on in the competition: SpaceIL (Israel), Moon Express (USA), Synergy Moon (International), TeamIndus (India), and HAKUTO (Japan).

"XPRIZE and Google are thrilled to offer these additional in-space Milestone Prizes," said Chanda Gonzales-Mowrer, senior director of the Google Lunar XPRIZE, "as a further incentive for finalist teams and to recognize the full gravity of these bold technological feats taking place in the race to the moon."