Business Standard

Who needs $20 million? Moon race still on without Google’s prize

- PAVEL ALPEYEV

Google called off its race to the moon weeks ago, when it became clear no private explorer would complete the trip by the March 31 deadline. That won’t stop at least three teams from Israel, Japan and the U.S., who say their missions are still a go, with or without the contest's $20 million prize.

“We are full steam ahead,” said Yigal Harel, program director at SpaceIL, the Israeli team that plans a soft-landing on the moon later this year.

When the Lunar XPrize was introduced in 2007, interest in moon exploratio­n was at a low. No government had landed there since the 1970s and no businesses had seriously contemplat­ed it. But the contest has had its intended effect, jump-starting a cottage industry of would-be space explorers, even if no one emerged to take Google’s money. Last year, overall investment in space startups by venture capitalist­s climbed to a record $2.8 billion, according research firm CB Insights.

One reason the moon is within easier reach is that escaping Earth’s gravity is now so much cheaper. Private launch services like Elon Musk’s Space Exploratio­n Technologi­es Corp. can put a satellite into orbit for about one-tenth what it would have cost a decade ago. SpaceX last month sent up a rocket powerful enough to lift the weight of a fullyloade­d jumbo-jet.

The team most likely to get to the moon first, the non-profit SpaceIL, is attempting the feat mostly to prove it can be done. With some funding from the Israel Space Agency and billionair­e casino magnate Sheldon Adelson, they plan to hitch a ride on one of Musk’s Falcon 9 rockets before the end of 2018.

Other teams see business opportunit­ies in building lunar infrastruc­ture, ferrying supplies to the moon or extracting minerals from its soil. If there are vast lakes of ice frozen in the shadows of the moon’s craters, as satellite imagery indicates, that could prove to be a valuable resource. Of course, any commercial enterprise would face the uncertaint­y of outdated internatio­nal agreements that don’t address how private property works in space.

Meanwhile, government­s are looking at the moon for the first time in years. In the US, President Donald Trump requested almost $900 million in new funding for NASA moon missions, which include building a space station in lunar orbit by the mid-2020s. China this year plans to land a probe on the unexplored dark side of the moon, where radio signals from Earth can’t be received.

Carolyn Belle, an analyst at Northern Sky Research, says government space agencies could end up being important customers for commercial moon explorers, especially in the early days when “there isn’t a large potential customer base.”

Pittsburgh-based Astrobotic Technology Inc. and Japan’s ispace inc., two former XPrize competitor­s, both aspire to be lunar versions of FedEx, with plans to eventually make money by hauling scientific equipment and commercial goods to the moon.

Ispace last year raised more than $90 million from investors including Suzuki Motor Corp. and telecom giant KDDI Corp. The Tokyo-based startup plans to test its delivery vehicle in 2019, by orbiting the moon, and to start landing rovers in 2020.

Its surface vehicle, the Sorato, moves on four wheels studded with paddles, like the water wheels on an old-fashioned steamboat, to claw through the moon’s fine-grained sand. A 360-degree camera mounted on top can capture images almost a million times more detailed than the ones from NASA’s Apollo missions more than 40 years ago.

“What’s going to happen next is a kind of land grab,” said ispace founder and Chief Executive Officer Takeshi Hakamada. “It’s going to be first-come, first-served.”

Rival Astrobotic plans its maiden voyage in 2020. The company, which has partnershi­ps with Caterpilla­r Inc. and aluminum maker Alcoa Corp, says it will charge about $1.2 million per kg to ferry cargo to the moon aboard its Peregrine lander, a four-legged platform about the size of a ping-pong table that can carry a 35-kg payload.

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