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Moon China Google Science

Google Lunar X Prize Teams Now In a Race With China As Well As Each Other 32

MarkWhittington writes "The Google Lunar X Prize rules of competition have a clause that reduces the $20 million grand prize to $15 million for the first private group to land a rover on the lunar surface should a government funded rover land first. The first scheduled government funded rover to land on the moon is the Chinese Chang'e 3. It is slated for a 2013 landing."
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Google Lunar X Prize Teams Now In a Race With China As Well As Each Other

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  • Re:Lunokhod? (Score:5, Insightful)

    by mbone (558574) on Friday November 16, 2012 @09:09AM (#42000749)

    Well, more exactly, they think that their expected return is positive. So, if they think that the chance of a full payout was 10%, their premiums are presumably going to total something more than $ 2 million (minus a little bit for the present value of future money, which is always 1). Insurance works by making many such bets, and getting right on a large enough aggregate.

    My understanding is that the first X Prize was funded on the cheap, as the Insurance company really didn't think they would ever have to pay out. That is not likely to happen again.

MSDOS is not dead, it just smells that way. -- Henry Spencer