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Posted: Thursday, 06 December 2007 5:30PM
Private Companies Shoot for the Moon
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 SAN JOSE, Calif. (KCBS) -- The competition for the Google Lunar X-Prize has its first official participant.
A $30,000 prize is being offered by Google to the first private company to land on the moon, become mobile, and take high definition pictures. Odyssey Moon Limited announced today they have joined the competition.
Odyssey founder and CEO Bob Richards said it’s not just about winning. “This prize brought us out of the closet. It spirited us to declare our candidacy and we hope we’re going to get humanity back to the moon within the next three, four or five years.”
Peter Diamandis, chairman and CEO of the X-Prize Foundation, said he expects more contestants to join the race as private companies realize there is money to be made in space. “Everything we hold of value on earth, metals, minerals, energy, real estate, the things that we literally fight wars over, are in infinite quantities in space,” he said.
The space race stipulates the winner must reach the moon by the year 2014.
(RdD)
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Copyright 2007, KCBS. All Rights Reserved.
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KCBS’ Matt Bigler reports
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