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Stockreport

XPrize ends its $30 million race to moon without a winner [CNN]

ALPHABET INC CL C (GOOG)  More Company Research Source: CNN
US:NASDAQ Investor Relations: abc.xyz/investor
PDF XPrize ends its $30 million race to moon without a winner The first privately funded trip to the moon will have to wait. The XPrize Foundation is ending its Google-sponsored, decade-long competition to land a robot on the moon without choosing a winner. That means none of the five final teams will get the $20 million grand prize, or the additional $10 million in other prizes. The nonprofit says it's still figuring out what will happen next, adding that it might find another sponsor to fund the contest instead of Google. The XPrize Foundation said in a post on its website that it "did expect a winner by now," but said that none of the teams will try to launch before the March 31 deadline. It added that the competition ended because of "the difficulties of fundraising, technical and regulatory challenges." The goal of the competition was to stimulate private space-travel entrepreneurship. All successful trips to the moon have been government funded, and moon-based activity has been most [Read more]

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