NASA Offers 2 Million Dollar Lunar Lander Competition Prize

The purpose of the lunar lander challenge is to accelerate technology development leading to a commercial vehicle that could one day be capable of ferrying cargo or humans back and forth between lunar orbit and the moon's surface.

To win the prize, teams must demonstrate a rocket-propelled vehicle and payload that takes off vertically, climbs to a defined altitude, flies for a pre-determined amount of time, and then land vertically on a target that is a fixed distance from the launch pad. After landing, the vehicle must take off again within a predetermined time, fly for a certain amount of time and then land back on its original launch pad. There are two levels of difficulty, with awards for first and second place at each level.