NASA awards first company with 10 cent check to start mining the moon

NASA has kicked off funding for moon mining technology by awarding the company Lunar Outpost with a check for ten cents.

56 seconds read time

A company has received the first-ever check from NASA to commence mining on the moon. NASA Administrator Bill Nelson presented the check to Lunar Outpost.

NASA awards first company with 10 cent check to start mining the moon 01

The company that has been awarded the check is Lunar Outpost, a Colorado-based space startup company were awarded the check under the space resource contract that was announced on August 23 during the 36th annual Space Symposium. Lunar Outpost CEO Justin Cyrus has presented the check by NASA Administrator Bill Nelson.

Nelson explained why the check is so little, "We had contractual terms with them when they produce their first element. We would give them 10% of their contract award. I am happy to present a check for 10% of their bid. Justin, here's a check for 10 cents." While the amount that was awarded to the company is somewhat humorous, Cyrus explains, "This sets a legal and procedural framework that will be utilized for generations and decades to come for companies like ours and many others to go out and collect resources from the lunar surface from other planetary bodies and make them basically useful for humanity."

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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