Moon and Space News : First Team To Accept X Prize Challenge
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20071206

Today from the Isle of Man Odyssey Moon announced they are accepting the Lunar X Prize challenge. Not anyone can announce this since it requires a $10,000 registration fee.

"Ours will be a small robot," Khadem said, explaining his team's mission is modest in comparison to manned space travel funded by national governments.

"We are out to complement, not compete with, China, Russia and the US."

Odyssey Moon are the first team to accept the Lunar X Prize challenge, this may well trigger more to follow. The possibilities for VC funding may further invigorate companies to join the race to space since there may be multiple exit points for the VC's such as winning the X Prize itself or the followup revenue for any successful technological advancement.

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