Headlines > News > N-Prize team 'Nebula' - Google Lunar X Prize Letter of Intent

N-Prize team 'Nebula' - Google Lunar X Prize Letter of Intent

Published by Rob on Sun Oct 12, 2008 9:23 pm
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N-Prize team Nebula have posted an update:

After several months of careful study, Nebula Aerospace are pleased to announce that we have begun the registration process to become a competing team in the Google Lunar X-Prize (GLXP) Challenge.

The Letter of Intent (LoI) gives Nebula a further 90 days to complete its feasibility study and finalise its formal registration, although the process is expected to be complete by December 2008.


About the GLXP

The Google Lunar X PRIZE is a $30 million international competition to safely land a robot on the surface of the Moon, travel 500 meters over the lunar surface, and send images and data back to the Earth. Teams must be at least 90% privately funded and must be registered to compete by December 31, 2010. The first team to land on the Moon and complete the mission objectives will be awarded $20 million; the full first prize is available until December 31, 2012. After that date, the first prize will drop to $15 million. The second team to do so will be awarded $5 million. Another $5 million will awarded in bonus prizes. The final deadline for winning the prize is December 31, 2014.

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