The $30M Google Lunar XPRIZE is an unprecedented competition to challenge and inspire engineers, entrepreneurs and innovators from around the world to develop low-cost methods of robotic space exploration. 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.
The Google Lunar XPRIZE (GLXP), sometimes referred to as Moon 2.0, is an inducement prize space competition organized by XPRIZE, and sponsored by Google. The challenge calls for privately funded spaceflight teams to be the first to land a privately funded robotic spacecraft on the Moon, travel 500 meters, and transmit back high-definition video and images. In 2015, XPRIZE announced that the competition deadline would be extended to December 2017 if at least one team could secure a verified launch contract. Two teams secured such a launch contract, and the deadline was extended. As of 2016, 14 teams remain in the competition, with five teams, SpaceIL, Moon Express, Synergy Moon ,Team Indus and Team Hakuto, having secured verified launch contracts for 2017 (with SpaceX, Rocket Lab, Interorbital Systems, ISRO and ISRO respectively). All other teams had until the end of 2016 to secure a verified launch contract, and remain in the competition.
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http://www.dailymail.co.uk/sciencetech/article-4125474/Moon-Express-gets-closer-mining-lunar-surface.html
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