theotherguy
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Ten teams (including one from my university, Carnegie Mellon) announced they will compete in the 20 million dollar Google X-Prize; whose goal is to put a privately-owned robot on the moon by 2012.
Source:http://www.sciam.com/article.cfm?id=news-bytes-of-the-week-google
Robots race to the moon for $20-million prize
The race to be the first to land a robot probe on the moon?and collect the $20 million grand prize attached to that feat?has tightened significantly as 10 teams announced they will contend for the Google Lunar X PRIZE. Entrants include Astrobotic Technology, Inc. (made up of engineers from the University of Arizona, Carnegie Mellon University and Raytheon Missile Systems Co.), Quantum3 Ventures (a private Washington, D.C., enterprise formed last month), LunaTrex (a consortium of aerospace companies, along with the University of Dayton in Ohio) and FREDNET (a multinational team of systems, software and hardware developers whose approach includes the use of open-source software and the Internet). The winner will be the first team to successfully land a privately funded spacecraft on the moon, rove on the lunar surface for a minimum of 1,640 feet (500 meters), and transmit video, images and data back to Earth. The grand prize will drop to $15 million if no one successfully completes the mission by the end of 2012, and the competition will be terminated if the teams come up empty by the end of 2014. The moon's rising, but the clock's ticking.
Source:http://www.sciam.com/article.cfm?id=news-bytes-of-the-week-google