The head of the project, the Israeli billionaire entrepreneur Morris Kahn said at a press conference that the launch of the spacecraft scheduled for December, after November it will be delivered in the United States.
"After eight challenging years, I am filled with pride that the first Israeli spacecraft, which is in its final construction and testing phases, will soon be making its way to the moon", Kahn said. SpaceIL and Israel Aerospace Industries have raised $88 million so far, CNET reports. Israeli scientist Kfir Damari said.
Israeli billionaire philanthropist and SpaceIL President Morris Kahn, who donated around $27 million to the project, told reporters that its goal is in part to inspire young people in Israel to study science and join the country's space projects.
SpaceIL was founded in 2011 and originally vied for Google's Lunar Xprize, which challenged private companies to try to land an unmanned spacecraft on the moon.
That 20 Million competition challenged the private companies to try to land an unmanned spacecraft on the moon.
"What we're doing is we're trying to replicate the Apollo effect in the United States", Kahn told reporters, referring to the surge in interest in science and engineering after the USA space program landed on the moon in 1969.
The unit weight of 600 kg will be launched into an elliptical orbit around the Earth, then, after the correction of the orbit will move to the flight path to the moon. It will then ignite its engines and reduce its speed to allow the moon's gravity to pull it in, and will begin orbiting it.
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Project managers said that the SpaceIL, an unmanned craft built by Israeli engineers, is slated to take off later this year and land on the moon on February 13 next year.
The collected data will be transmitted to IAI control room for the next two days after the landing.
The spaceship that Israel will send on a two-month expedition is going to be launched from Cape Canaveral in Florida.
The program has always had STEM education as a secondary goal, aiming to encourage Israeli children to choose to study science, technology, engineering and mathematics.
IAI has been a full partner in the project from its inception.
IAI CEO Josef Weiss said he regards the launch of the first Israeli spacecraft to the moon as an example of the awesome capabilities once can reach in civilian space activity.