The Google Lunar X PRIZE is igniting a new era of lunar exploration by offering the largest international incentive prize of all time. A total of $30 million in prizes are available to the first privately funded teams to safely land a robot on the surface of the Moon, have that robot travel 500 meters over the lunar surface, and send video, images and data back to the Earth. Teams must be at least 90% privately funded, though commercially reasonable sales to government customers are allowed without limit.
Team registration for the competition closed on December 31, 2010. There are currently 25 teams located around the world who are fundraising, mission planning, and building robots in a new race to the Moon. The teams have until the end of 2015 to get to the Moon, meet the prize objectives, and win the prize purses.
For additional information about the prize rules, please visit the Rules Overview page.
The following video, Moon 2.0: Join the Revolution, provides a good summary of the competition.