Jain said Moon Express has been putting its lunar lander through a series of tests at the space center. The successful outing earlier this year involved tethering the vehicle—which is the size of a coffee table—to a crane in order to safely test its control systems. "The reason we tethered it to the crane is because the last thing we wanted was the aircraft to go completely haywire and hurt someone," he said.
At the end of March, the company will conduct a completely free flight test with no tethering. The lander will take off from the pad, go up and sideways, then land back at the launchpad. "This is to test that the vehicle knows where to go and how to get back to the launchpad safely," Jain explained.
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Once all these tests are successfully completed, Jain said the lander—called MX-1—will be ready to travel to the moon. The most likely scenario is that it will be attached to a satellite that will take the lander into a low orbit over the Earth. From there the MX-1 will fire its own rocket, powered by hydrogen peroxide, and launch from that orbit to complete its travel to the moon's surface.
The lander's first mission is a one-way trip, meaning that it's not designed to travel back to the Earth, said Jain.
"The purpose is to show that for the first time, a company has developed the technology to land softly on the moon," he said. "Landing on the moon is not the hard part. Landing softly is the hard part."
That's because even though the gravity of the moon is one-sixth that of the Earth's, the lander will still be traveling down to the surface of the moon "like a bullet," Jain explained. Without the right calculations to indicate when its rockets have to fire in order to slow it down, the lander would hit the surface of the moon and break into millions of pieces. "Unlike here on Earth, there's no GPS on the moon to tell us this, so we have to do all these calculations first," he said.
Looking ahead 15 or 20 years, Jain said he envisions a day when the moon is used as a sort of way station enabling easier travel for exploration to other planets. In the meantime, he said the lander's second and third missions could likely involve bringing precious metals, minerals and even moon rocks back to Earth. "Today, people look at diamonds as this rare thing on Earth," Jain said.
He added, "Imagine telling someone you love her by giving her the moon."
—Susan Caminiti, special to CNBC.com