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Private companies are working to install what device on the Earth’s moon by 2016?

Answer: a telescope

Moon Express Inc., and the International Lunar Observatory Association are planning to install a telescope on the rim of a crater on the moon. The effort is being advertised as both a mode of public outreach and a scientific expedition. The imagery captured by the device will be publicly viewable online, and the team will also search for water and minerals. The entire project is expected to cost $100 million.