Tuesday, November 25, 2008

The X Prize Foundation's LLC 2009 Statement

Moving forward, the concept of conducting a large common event at which all teams fly their vehicles is likely not financially sustainable for the Foundation. Additionally, the conduct of such an event imposes non-negligible expenses on our teams, who must not only transport themselves and their vehicles to the venue for the competition, but who also must complete their design process, their regulatory paperwork, and their procurement of insurance with not only their own "home facility" but also the competition venue in mind. As such, the fairest and most sustainable model may prove to be one where each team plays host to a crew of Judges and X PRIZE personnel at a facility of their choice.

Although the date of October is not written into the rules, we understand that there is an expectation among our teams that future attempts to win the prize will occur late in each calendar year. Accordingly, the X PRIZE Foundation is committed to providing all teams a reasonable amount of time to prepare for the 2009 contest, and to adjust to any changes made to the way the prize is offered.

The X PRIZE Foundation is committed to conducting the 2009 LLC in the fairest manner possible. The X PRIZE Foundation assures teams that all key decisions with regard to the timing, structure, and judging of this competition will be done in an open and fair manner by individuals with no conflicts of interest. As such, all final decisions about the 2009 event will be made by the Foundation's Senior Director for Space Projects, William Pomerantz, and Vice President for Prize Management, Cristin Lindsay, neither of whom have any financial relationship with any of the LLC teams. Additionally, any final decision will be made in conjunction with our partners at NASA. All X PRIZE and Judging staff who have an affiliation with any team, including secondary affiliations through financial investment in institutions who have business relationships with a team, will be recused from key decisions through the lifetime of the competition.

We look forward to working with all of our teams, and wish them all the best of luck as they pursue the remaining $1.65MM in prize money available as part of the Lunar Lander Challenge.

We look forward to working with the X Prize Foundation and will be watching for what the changes to the LLC will be. Will has always been a good guy to work with.

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