Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 Internet speed test! ×
Earth

Moon Express Raises $20 Million In Series B-1, Fully Funds Trip To The Moon (techcrunch.com) 63

The company competing in the Google Lunar X-Prize, Moon Express, has raised $20 million in funding and announced that they have now fully financed their mission to the moon. The company made history last year as it became the first private company to receive permission to travel to the moon. Moon Express plans to launch their MX-1E spacecraft to the moon at the end of 2017 with the goal of winning the $20 million grand prize in the X-Prize competition. TechCrunch reports: If successful, Moon Express would become the first private company and the fourth entity in history to soft-land on the moon. The first three entities were all government-funded superpowers from the U.S., USSR and China. Of course to win that title, Moon Express will need to beat the other X-Prize competitors including SpaceIL from Israel, Team Indus from India (carrying the Japanese team HAKUTO as a payload), and the international team Synergy Moon. Each company has had launch contracts confirmed by X-Prize, a requirement to remain in the competition. The first company to soft-land on the Moon, travel 500 meters across its surface, and transmit high-definition video and images back to Earth will win the grand prize of $20 million. There's also $5 million up for grabs for the company that comes in second. Perhaps the most challenging of the X-Prize requirements is the deadline. To win the prizes, competitors must complete all tasks by the end of 2017. Although the X-Prize Foundation has pushed the deadline back before. What makes the Google Lunar X-Prize competition especially unique is that it required participants to obtain 90% of their funding from private sources. In theory, this would encourage profit-driven business plans, kick-starting a wave of lunar-based commercialization.
Businesses

HP Slate 2: Brilliant or Bust? 235

First time accepted submitter redletterdave writes "After being introduced in September, HP's new CEO Meg Whitman announced Oct. 27 that the company 'needs to be in the tablet business.' However, by creating a lackluster product in the Slate 2 that runs on a soon-to-be-outdated operating system, HP will surely find itself back where it started, when furious Best Buy executives demanded HP to take back their thousands of unsold tablets piling up in storage."

Slashdot Top Deals

"No matter where you go, there you are..." -- Buckaroo Banzai

Working...