How much will teams spend to win the Google Lunar X PRIZE?
Three centuries of history have shown that teams competing to win incentive prizes often spend more than the prize value itself. Teams in competitions such as the Orteig Prize, the Ansari X PRIZE, and the DARPA Grand Challenges have spent as much as 5 times the prize purse value to fund their entries; and expenditures of 2.5 times the prize purse value by individual teams are relatively common. We expect that teams pursuing the Google Lunar X PRIZE will follow these historical trends. A broad range of team expenditures—from as low as $15 million to as high as $100 million—are expected. Past prizes have shown the best funded teams do not necessarily win the prize, however. We look forward to learning from our teams as they pioneer new methods to raise money and to trim costs for a lunar mission.
