SAN FRANCISCO — Teams competing for $30 million in awards as part of the Google Lunar X Prize are likely to have one additional year to reach the lunar surface and win the $20 million grand prize under a set of proposed rules issued to competitors. The proposed extension is being welcomed by many of the teams involved in the competition who face the daunting task of raising money for their efforts in a difficult financial environment.

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Debra Werner is a correspondent for SpaceNews based in San Francisco. Debra earned a bachelor’s degree in communications from the University of California, Berkeley, and a master’s degree in Journalism from Northwestern University. She is a recipient...