The GLXP is Dead! Long Live the GLXP!

by Douglas Messier
Managing Editor

This past week, the XPrize acknowledged the obvious:  after 10 years and multiple deadline extensions, none of the five remaining teams was going to claim the Google Lunar X Prize by landing a privately-built vehicle on the moon that would travel 500 meters across the surface while sending back high-definition video.

The first team to accomplish that goal would have claimed $20 million; the second, $5 million. But, unlike the moon race of the 1960’s, Google’s much hyped moon shot ended not with the deafening roar of a launch but the deadening silence of a dream deferred.

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X Prize Admits What Everyone Already Knew: Google Lunar Prize is Kaput

CULVER CITY, Calif. (X Prize PR) — “After close consultation with our five finalist Google Lunar XPRIZE teams over the past several months, we have concluded that no team will make a launch attempt to reach the Moon by the March 31st, 2018 deadline. This literal “moonshot” is hard, and while we did expect a winner by now, due to the difficulties of fundraising, technical and regulatory challenges, the grand prize of the $30M Google Lunar XPRIZE will go unclaimed.

We are extraordinarily grateful to Google for enabling this 10-year journey with us and for having the foresight and courage to support and catalyze the commercial space industry, which was the ultimate goal of this competition.

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XPRIZE Hires New CEO

xprize_foundationLOS ANGELES (April 12, 2016) XPRIZE, the global leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced that Marcus Shingles has joined the organization as chief executive officer.

He brings more than 20 years of leadership experience in industry (Kellogg Company), management consulting (Ernst & Young LLP and Deloitte LLP), and as a successful entrepreneur (company founder).  Shingles’ areas of expertise are building innovation ecosystems and developing disruptive innovation strategies at some of the world’s most premier organizations. Founder Peter H. Diamandis, M.D., who previously held the CEO title, remains as executive chairman of the board.

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