Google X Prize Gives Milestone Payments To Lunar Lander Teams

January 26, 2015 6:45 PM

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The Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) X Prize Foundation announced a new program called the Milestone Prizes on Monday, January 26th. The statement announcing the new program noted that the Milestone Prizes will be accompanied by a total of $5.25 million awarded to five teams for progress in the categories of landing vehicle, moving on the lunar surface and imaging.

The idea of the Milestone Prizes are “to separate some teams from the pack,” noted Robert K. Weiss, the vice chairman and president of the X Prize Foundation.

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