Alphabet Inc (NASDAQ:GOOGL) announced that it’s not planning to extend the $20 million Exprize win beyond the March 31, 2018, deadline. The company sponsored the race to win $20 million for the first team that could land safely on the moon about ten years and has continually extended the period over and over.
At the moment, the four teams who have been racing to triumph the Google Lunar Exprize are either short of the cash to facilitate their project or are unable to launch the motive this year, according to the latest news from CNBC. Unfortunately, Google extended the closing date for the race from 2014 to 2015 and then finally to 2018, and has declined to push the date further.
Though Google is not extending the deadline further, it’s delighted with the efforts that the teams have made for the last 10 years. Google placed a promise of $20 million to a private firm that could be first to land to the moon and roll about a few hundred meters and beam in achievements back to the earth within a specified period of time. However, none of the competing teams seems to land on the lunar surface.
One of the finalists, an Israel-based nonprofit firm, SpaceIL commenced the contract in 2015 and planned to launch their SpaceX Falcon 9 rocket last year, but ran short of funds to continue paying for the launch. Eran Privman stated that his team members require more time, at least towards the end of 2018 to succeed. Other finalist teams include TeamIndus, Synergy Moon, and Moon Express who are currently not in good position to launch their contracts before March 31st.
Although the $20 million grand prize will eventually go unclaimed, the teams involved in the Lunar Xprize are still positive about the whole project. For instance, more than $6 million has been won by the participants in form of milestones for the past few years that allowed the competitors to demonstrate their unique concepts and capabilities.