SpaceX CEO Elon Musk gave his approval for a plan put forth by former Speaker of the House Newt Gingrich to give a $2 billion prize to the first private company to establish and run the first base on the moon.
"This is a great idea," Musk tweeted in response to a story written up about the plan, which was first reported by Politico.
The plan, which was hatched by Gingrich, Air Force Lt. Gen. Steven Kwast, Howard Bloom (the former music publicist to icons such as Michael Jackson, Prince and Billy Joel) and others, would be awarded in an effort to help cut down public spending on space exploration, primarily the domain of NASA.
TIRED: New space— Eric Berger (@SciGuySpace) August 19, 2019
WIRED: Newt spacehttps://t.co/qV2nBlBvdP
This is a great idea— Elon Musk (@elonmusk) August 20, 2019
"In the past, putting permanent housing on the moon has been estimated to cost between $50 billion and $500 billion," the proposal reads, according to Politico." But several private companies have developed moon programs on their own dime. So we are now in a position to buy transportation and housing from private American companies. At an unbelievable drop in cost."