The Xprize Foundation announced Tuesday its Google-sponsored race to win $20 million by landing on the moon will end with no victors.
The foundation says in which expected “a winner by at in which point” yet remaining fundraising, technical along with regulatory hurdles mean the Lunar Xprize “will go unclaimed.”
“We are extraordinarily grateful to Google for enabling in which 10-year journey with us along with for having the foresight along with courage to support along with catalyze the commercial space industry, which was the ultimate goal of in which competition,” Xprize founder Peter Diamandis along with CEO Marcus Shingles said in a statement.
The announcement confirms CNBC reporting Monday in which the race would certainly end without a winner, as the teams remaining would certainly be unable to launch in time for the March 31 deadline. In addition, Google — which extended the deadline coming from 2014 to 2015 along with then eventually to 2018 — can be not willing to push the date out further.
Diamandis along with Shingles say the foundation can be “exploring many ways” to move forward, including finding a replacement sponsor or simply continuing to support the teams’ efforts through public promotion.
Read CNBC’s full story here.