The International Lunar Observatory Association and Moon Express, Inc. are teaming up to send a robot to the moon to erect a telescope.
The Lunar Observatory communications system will be placed on the moon to aid professional and amateur astronomers to make observations.
The companies will also be the first to explore the Moon's south pole in search of minerals and water.
It is believed that there may be an abundance of resources not yet uncovered in the region.
"The ILO will demonstrate the value of the Moon for scientific study of the Galaxy, Moon, Earth, Sun and Stars," said Steve Durst, founder and director of the ILOA and Space Age Publishing Company.
"We are a global consortium of scientists, educators, entrepreneurs and visionaries who seek to establish a scientific presence on the Moon followed by human exploration and eventual settlement."