Israeli competitor for X-prize faces shutdown due to lack of funds
Capitalism in space: SpaceIL, the Israeli finalist in the Google Lunar X-Prize competition, must raise $20 million in the next two weeks or face shutdown, even as they are about to complete testing on their rover.
This is the second of five finalists facing shutdown due to an inability to raise enough investment funds. With a third depending on a rocket that might not be operational by the March 31, 2018 deadline, the prize looks increasingly like no one will win it.
This does not mean that none of the companies will succeed, only that at least one or two might fly after the deadline. If they do, they will still demonstrate that they have the ability to launch a scientific planetary mission for pennies (compared to what the government has been spending). At that point I would expect them to become very viable and profitable spacecraft companies. Thus, it would actually be a good investment for some rich person to put their money behind these projects. In the case of SpaceIL, however, the problem might be that it is a non-profit. It appears it is not designed to be a profitable company down the road, but to merely serve propaganda purposes now.
Anchored in the “can-do”, innovative approach and creative energy that has characterized the Jewish State since its founding, SpaceIL aims to replicate the “Apollo Effect” in Israel, inspire and motivate the next generation of Israelis to pursue a future in STEM professions. Since its establishment as a nonprofit, SpaceIL has pledged to donate the $20 million in prize money, if it wins, to the promotion of science and scientific education in Israel, and to thus contribute to Israel’s economy and security.
Since its founding, many have contributed to the project. The main donor is the Dr. Miriam and Sheldon Adelson Foundation. Additional supporters include Morris Kahn, Sami Sagol, Lynn Schusterman and Steven Grand, among others. The project formed exceptional collaborations between the private sector, the academia and governmental companies. Israeli Aerospace Industries (IAI), the Weizmann Institute of Science, Tel-Aviv University, Israel Space Agency, Israeli Ministry of Science, Bezeq, dozens of engineers and hundreds of volunteers are among SpaceIL’s partners. Over the years, SpaceIL volunteers have reached half a million children and youths throughout the country.
All of this has wonderfully good intentions, but I think they would be better served to focus on making money. A successful and profitable space company will do far more to inspire Israel’s children than mere propaganda.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Capitalism in space: SpaceIL, the Israeli finalist in the Google Lunar X-Prize competition, must raise $20 million in the next two weeks or face shutdown, even as they are about to complete testing on their rover.
This is the second of five finalists facing shutdown due to an inability to raise enough investment funds. With a third depending on a rocket that might not be operational by the March 31, 2018 deadline, the prize looks increasingly like no one will win it.
This does not mean that none of the companies will succeed, only that at least one or two might fly after the deadline. If they do, they will still demonstrate that they have the ability to launch a scientific planetary mission for pennies (compared to what the government has been spending). At that point I would expect them to become very viable and profitable spacecraft companies. Thus, it would actually be a good investment for some rich person to put their money behind these projects. In the case of SpaceIL, however, the problem might be that it is a non-profit. It appears it is not designed to be a profitable company down the road, but to merely serve propaganda purposes now.
Anchored in the “can-do”, innovative approach and creative energy that has characterized the Jewish State since its founding, SpaceIL aims to replicate the “Apollo Effect” in Israel, inspire and motivate the next generation of Israelis to pursue a future in STEM professions. Since its establishment as a nonprofit, SpaceIL has pledged to donate the $20 million in prize money, if it wins, to the promotion of science and scientific education in Israel, and to thus contribute to Israel’s economy and security.
Since its founding, many have contributed to the project. The main donor is the Dr. Miriam and Sheldon Adelson Foundation. Additional supporters include Morris Kahn, Sami Sagol, Lynn Schusterman and Steven Grand, among others. The project formed exceptional collaborations between the private sector, the academia and governmental companies. Israeli Aerospace Industries (IAI), the Weizmann Institute of Science, Tel-Aviv University, Israel Space Agency, Israeli Ministry of Science, Bezeq, dozens of engineers and hundreds of volunteers are among SpaceIL’s partners. Over the years, SpaceIL volunteers have reached half a million children and youths throughout the country.
All of this has wonderfully good intentions, but I think they would be better served to focus on making money. A successful and profitable space company will do far more to inspire Israel’s children than mere propaganda.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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