• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechNASA

NASA wants to buy moon rocks from anyone who can fund their own space trip

By
Justin Bachman
Justin Bachman
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Justin Bachman
Justin Bachman
and
Bloomberg
Bloomberg
Down Arrow Button Icon
September 10, 2020, 4:15 PM ET

NASA wants to buy some moon rocks, and it’s seeking out companies to make space mining trips so that it can establish a legal framework for its galactic aspirations.

The agency is soliciting bids from explorers anywhere on Earth who are willing to finance their own trips to the moon and collect soil or rock samples without actually returning the material to earth. The effort is meant to set a legal precedent for mining on the lunar surface that would allow NASA to one day collect ice, helium or other materials useful to colonies on the moon and, eventually, Mars.

The National Aeronautics and Space Administration also wants to demonstrate the potential for “in-situ resource utilization,” or using locally sourced materials for future space missions, it said Thursday. NASA anticipates paying roughly between $15,000 to $25,000 per moon contract, agency Administrator Jim Bridenstine said, though final pricing will be determined by the competition.

Activities beyond the earthly plane are currently governed by the United Nations Outer Space Treaty of 1967. Signed by the U.S., it bars extraterrestrial military bases or nuclear weapons and basically requires nations to explore in peace and clean up their own messes.

In particular, the treaty stipulates that outer space isn’t subject to “national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.” But it doesn’t specifically address space mining.

“It’s time for regulatory certainty to extract and trade space resources,” Bridenstine said in a tweet.

The winning bidder will “collect up to 500 grams (1.1 pounds) of lunar material, photograph it, document its location and then “conduct an ‘in-place’ transfer of ownership of the lunar regolith or rocks to NASA,” the agency said in a blog post. NASA will sort out any retrieval plans for the material at a later date.

It’s not clear yet who might step up as a contender. Landing on the moon is neither cheap nor easy, and NASA will pay only for the lunar material that’s collected. The contractor will be responsible for all costs associated with the mission, NASA spokeswoman Stephanie Schierholz said in an email.

Financially, the contract would make most sense for explorers already planning lunar trips. India plans a second try at landing a rover on the moon after its first attempt failed in September 2019. A $100 million privately funded Israeli mission to land on the lunar surface failed in April 2019. In March 2018, Google and the XPrize Foundation ended its $30 million lunar competition after multiple private teams were unable to launch and land a small rover on the moon and to drive it at least 500 meters (1,640 feet).

NASA’s Artemis program aims to land astronauts on the moon in 2024.

About the Authors
By Justin Bachman
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Tech

AIchief executive officer (CEO)
Microsoft AI boss Suleyman opens up about his peers and calls Elon Musk a ‘bulldozer’ with ‘superhuman capabilities to bend reality to his will’
By Jason MaDecember 13, 2025
2 hours ago
InvestingStock
There have been head fakes before, but this time may be different as the latest stock rotation out of AI is just getting started, analysts say
By Jason MaDecember 13, 2025
7 hours ago
Politicsdavid sacks
Can there be competency without conflict in Washington?
By Alyson ShontellDecember 13, 2025
7 hours ago
InnovationRobots
Even in Silicon Valley, skepticism looms over robots, while ‘China has certainly a lot more momentum on humanoids’
By Matt O'Brien and The Associated PressDecember 13, 2025
9 hours ago
Sarandos
Arts & EntertainmentM&A
It’s a sequel, it’s a remake, it’s a reboot: Lawyers grow wistful for old corporate rumbles as Paramount, Netflix fight for Warner
By Nick LichtenbergDecember 13, 2025
14 hours ago
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California.
AIOracle
Oracle’s collapsing stock shows the AI boom is running into two hard limits: physics and debt markets
By Eva RoytburgDecember 13, 2025
14 hours ago

Most Popular

placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
2 days ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
1 day ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
1 day ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple CEO Tim Cook out-earns the average American’s salary in just 7 hours—to put that into context, he could buy a new $439,000 home in just 2 days
By Emma BurleighDecember 12, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.