Please ensure Javascript is enabled for purposes of website accessibility

NASA Is Buying Moon Rocks, No Delivery Required

By Rich Smith – Updated Sep 10, 2020 at 2:48PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The agency hits upon a novel way to encourage companies to go to the moon on their own.

Would you offer to buy something on the internet and then tell the seller not to bother delivering what you bought? Probably not. And yet, this is essentially the deal that the National Aeronautics and Space Administration (NASA) is proposing in its latest contract announcement.

This morning, in a solicitation for the "Purchase of Lunar Regolith and/or Rock Materials from Contractor" announced on the government contracts website, NASA sought bids from companies capable of reaching the moon to go there and gather "a small amount" of moon rocks (between 50 and 500 grams -- or a little more than a pound at most) for safekeeping.  

Space mining truck cutting into the moon

Image source: Getty Images.

The contractor will photograph the moon rocks it has collected and provide both an image of the collection and data on where it is located, and legally transfer ownership of the rocks to NASA. Then, the rocks will just sit there until NASA has a chance to collect them itself (or perhaps hire another contractor to do so).  

NASA plans to pay winning bidder(s) 10% of the contract value upon awarding it, 10% more upon successful launch of a spacecraft to the moon, and then 80% upon collection of the moon rocks and transfer of ownership rights to NASA.

No contracts have been awarded for this purpose yet, nor any potential bidders identified. Logically, both space companies and mining companies can be expected to bid. NASA is asking interested contractors to submit their bids by Oct. 2 and hopes that the contractor(s) that it picks will be able to get to the moon and collect the rocks within the next four years.

The Motley Fool has a disclosure policy.

Related Articles

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.