Origin of The Prize
Similar to the way in which the Ansari X Prize was formed, the Google Lunar X Prize was created out of a former venture of Peter Diamandis to achieve a similar goal. Dr. Diamandis served as CEO of BlastOff! Corporation, a commercial initiative to land a robotic spacecraft on the Moon as a mix of entertainment, internet, and space. Although it was ultimately unsuccessful, the BlastOff! initiative paved the way for the Google Lunar X Prize.
Initially, NASA was the planned sponsor and the prize purse was just US$20 million. As NASA is a federal agency of the United States government, and thus funded by US tax money, the prize would only have been available to teams from the United States. The original intention was to propose the idea to other national space agencies, including the European Space Agency and the Japanese space agency, in the hope that they would offer similar prize purses.
However, budget setbacks stopped NASA from sponsoring the prize. Peter Diamandis then presented the idea to Larry Page and Sergey Brin, co-founders of Google, at an X Prize Foundation fundraiser. They agreed to sponsor it, and also to increase the prize purse to US$30 million, allowing for a second place prize, as well as bonus prizes.
Read more about this topic: Google Lunar X Prize
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