Participants in the Google Lunar XPRIZE will be getting an extension as the deadline was moved.

The GLXP or the Google Lunar XPRIZE announced earlier this week that it would be extending the deadline for this race to the moon. At the same time, it will also be increasing the rewards for its list of milestones and achievements.

According to its official site, the GLXP is “an unprecedented competition to challenge and inspire engineers, entrepreneurs, and innovators from around the world to develop low-cost methods of robotic space exploration.”

To win the competition’s big prize, a privately funded team must be the first to successfully launch, and land a spacecraft on the Moon. One that must also travel at least 500 meters or 1,640 miles on the natural satellite’s surface and then beam back HD images and videos to prove it.

Google Lunar XPRIZE Extended for Better and Higher Chances

Initially, the GLXP guidelines set December 31, 2017, as the deadline for achieving this set of feats. Now, the five remaining teams will have until March 31, 2018, as the deadline has been extended.

According to an August 16 statement from the organizers, this is not the only change.

Starting now, a spacecraft’s launching date will also stop being a factor. The teams will just have to complete the mission by March 2018.

Also, the organizers are adding a bonus of $4.75 million in additional prizes, others than the ones already set. For example, the team will receive $1.75 million for reaching the Moon, be it as a direct landing or after at least one complete orbit of the satellite.

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They will also receive $3 million for bringing proof that they successfully achieved a soft lunar landing.

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These cash prizes will be split equally among all of the teams that reach these milestones.

The milestones were reportedly set as an incentive, as they will not be added to the final prize. Instead, they will be counting towards the grand prize and will be a recognition of the scientific and technological advances brought by the teams.

The first company to reach the goals of the Google Lunar XPRIZE will receive $20 million. A second one will receive $5 million.

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