| Practice area: | Downstream Terrestrial Applications | Exploration and Infrastructure | Space |
|---|---|
| Client: | XPRIZE Foundation |
| Published: | September, 2013 |
| Keywords: | modelling quantitative analysis |
London Economics has just completed a study on the value of commercial market opportunities that could be served by teams competing in the Google Lunar XPRIZE.
The Google Lunar XPRIZE presents a very significant monetary incentive for privately-funded teams from around the world to embark on the challenge of achieving a commercial lunar mission,” said Sadlier. “With an estimated overall addressable market value of US$1.9 billion in the 10 years directly following the competition (and $6.4 billion over the 25 year longer term), the real payoff will come from the commercial opportunities that follow in the short, medium and long-term after the GLXP mission has been completed, in a newly created commercial lunar mission market.