For a team to win the Google Lunar X Prize 90 percent of their funding must come from the private sector. The first team to land their robot on the moon and complete a gauntlet of tasks with it by Dec. 31, 2012, will snatch the $20 million grand prize. The second team to achieve lunar victory by 2014 will take $5 million in prize money, and another $5 million is on the table for difficult bonus objectives. With all of the new entrys into the competition Google and the X Prize organizers should be very optimistic about the chances of someone actually reaching the moon. In 2013, the first-place purse drops to $15 million and will expire altogether on Dec. 31, 2014. So hopefully someone will come up with some ideas crazy enough to reach the Moon and all of the required objectives before 2013 or at least before 2015. But as we know, only time will tell.
If you want to read about all of the teams here is the link to the page on the Google Lunar X Prize official website.