SpaceIL's dream of landing an Israeli spacecraft on the Moon may be dashed if it can't raise $7.5 million to complete the project.

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Israel and the UN Office for Outer Space Affairs signed an agreement to cooperate on live-saving applications for Israeli satellite tech.

SpaceIL is the Israeli team participating in Google's historical race to the Moon and it's already a fan favorite. But that may be because the team is less interested in the $20 million prize, and more interested in the real value of the mission.

What started out as a private venture by young Israeli scientists hoping for a chance to win a competition by Google, is now a nation-wide goal. The ambitious SpaceIL project is getting some serious support en-route to the moon.